Shares of Autoweb Inc (NASDAQ:AUTO) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.45.
AUTO has been the subject of several recent research reports. ValuEngine upgraded shares of Autoweb from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Barrington Research restated a “buy” rating on shares of Autoweb in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Autoweb from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, December 29th. Lake Street Capital set a $6.00 price objective on shares of Autoweb and gave the company a “buy” rating in a research report on Monday. Finally, TheStreet cut shares of Autoweb from a “c-” rating to a “d” rating in a research report on Tuesday, March 13th.
In related news, EVP Kimberly Boren sold 5,739 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $9.27, for a total value of $53,200.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AXA bought a new stake in shares of Autoweb in the 4th quarter valued at $129,000. Tocqueville Asset Management L.P. bought a new stake in shares of Autoweb in the 4th quarter valued at $134,000. Bingham Osborn & Scarborough LLC bought a new stake in shares of Autoweb in the 4th quarter valued at $135,000. Acadian Asset Management LLC bought a new stake in shares of Autoweb in the 4th quarter valued at $141,000. Finally, Virtu Financial LLC bought a new stake in shares of Autoweb in the 4th quarter valued at $143,000. Institutional investors and hedge funds own 50.29% of the company’s stock.
Shares of Autoweb stock opened at $3.35 on Monday. The company has a market cap of $43.93, a price-to-earnings ratio of 10.84 and a beta of 1.08. Autoweb has a 1 year low of $3.20 and a 1 year high of $14.30. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.13.
Autoweb (NASDAQ:AUTO) last issued its earnings results on Thursday, March 8th. The information services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.17). The business had revenue of $33.32 million for the quarter, compared to the consensus estimate of $35.35 million. Autoweb had a negative net margin of 45.71% and a positive return on equity of 3.95%. equities research analysts forecast that Autoweb will post -0.1 earnings per share for the current fiscal year.
AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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