Deutsche Bank reissued their hold rating on shares of Autoweb (NASDAQ:AUTO) in a report issued on Friday, Stock Target Advisor reports.
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AUTO has been the subject of several other reports. ValuEngine upgraded Autoweb from a hold rating to a buy rating in a report on Friday, October 25th. UBS Group reiterated a sell rating on shares of Autoweb in a report on Tuesday, October 29th. Liberum Capital reiterated a buy rating on shares of Autoweb in a report on Wednesday. Barrington Research reissued a hold rating on shares of Autoweb in a research report on Tuesday, November 5th. Finally, Zacks Investment Research raised shares of Autoweb from a sell rating to a hold rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Autoweb presently has an average rating of Hold and an average target price of $4.25.
Shares of NASDAQ:AUTO traded up $0.08 on Friday, reaching $2.52. 8,300 shares of the company traded hands, compared to its average volume of 25,333. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 1.45. Autoweb has a fifty-two week low of $1.90 and a fifty-two week high of $5.00. The company’s 50 day moving average is $2.66 and its 200-day moving average is $3.05. The stock has a market capitalization of $32.34 million, a PE ratio of -2.29 and a beta of 0.19.
Autoweb (NASDAQ:AUTO) last announced its quarterly earnings data on Thursday, November 7th. The information services provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. Autoweb had a negative return on equity of 51.92% and a negative net margin of 27.41%. The business had revenue of $28.55 million during the quarter, compared to analyst estimates of $29.40 million. As a group, analysts expect that Autoweb will post -0.6 EPS for the current year.
In other Autoweb news, Director Matias De Tezanos bought 50,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $2.31 per share, with a total value of $115,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 38.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Ridgewood Investments LLC grew its position in shares of Autoweb by 33.3% in the second quarter. Ridgewood Investments LLC now owns 16,000 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 4,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Autoweb by 28.1% in the second quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock valued at $881,000 after purchasing an additional 54,377 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Autoweb by 5.3% in the second quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock valued at $1,447,000 after purchasing an additional 20,400 shares during the last quarter. 19.73% of the stock is currently owned by hedge funds and other institutional investors.
AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.
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