B. Riley downgraded shares of Autoweb (NASDAQ:AUTO) from a buy rating to a neutral rating in a research report sent to investors on Friday, March 9th, Marketbeat.com reports. They currently have $4.90 price target on the information services provider’s stock. B. Riley also issued estimates for Autoweb’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.66 EPS.
A number of other research firms have also recently weighed in on AUTO. Zacks Investment Research cut shares of Autoweb from a buy rating to a hold rating in a research report on Thursday, December 28th. Barrington Research reiterated a buy rating on shares of Autoweb in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $7.45.
Shares of AUTO stock opened at $3.54 on Friday. Autoweb has a twelve month low of $3.39 and a twelve month high of $14.30. The company has a market cap of $46.28, a price-to-earnings ratio of 11.42 and a beta of 1.08. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.13.
In related news, EVP Kimberly Boren sold 5,739 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $9.27, for a total transaction of $53,200.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Kokino LLC purchased a new position in Autoweb during the fourth quarter worth about $5,631,000. Signia Capital Management LLC purchased a new position in Autoweb during the fourth quarter worth about $4,622,000. Ariel Investments LLC purchased a new position in Autoweb during the fourth quarter worth about $3,665,000. Thomson Horstmann & Bryant Inc. purchased a new position in Autoweb during the fourth quarter worth about $2,792,000. Finally, Adirondack Research & Management Inc. purchased a new position in Autoweb during the fourth quarter worth about $2,745,000. 50.29% of the stock is owned by institutional investors.
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Autoweb Company Profile
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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