Tocqueville Asset Management L.P. purchased a new position in Autoweb Inc (NASDAQ:AUTO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,900 shares of the information services provider’s stock, valued at approximately $134,000. Tocqueville Asset Management L.P. owned 0.11% of Autoweb at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AUTO. Kokino LLC bought a new position in shares of Autoweb in the fourth quarter worth approximately $5,631,000. Signia Capital Management LLC bought a new position in shares of Autoweb in the fourth quarter worth approximately $4,622,000. Thomson Horstmann & Bryant Inc. bought a new position in shares of Autoweb in the fourth quarter worth approximately $2,792,000. Adirondack Research & Management Inc. bought a new position in shares of Autoweb in the fourth quarter worth approximately $2,745,000. Finally, Renaissance Technologies LLC bought a new position in shares of Autoweb in the fourth quarter worth approximately $2,633,000. Institutional investors and hedge funds own 50.18% of the company’s stock.
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 transaction of $53,200.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.73% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:AUTO opened at $2.98 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.16 and a quick ratio of 3.16. Autoweb Inc has a fifty-two week low of $2.88 and a fifty-two week high of $14.30. The firm has a market cap of $39.62, a P/E ratio of 10.28 and a beta of 1.56.
Autoweb (NASDAQ:AUTO) last issued its earnings results on Thursday, March 8th. The information services provider reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.17). Autoweb had a positive return on equity of 3.95% and a negative net margin of 45.71%. The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $35.35 million. research analysts anticipate that Autoweb Inc will post -0.1 earnings per share for the current year.
AUTO has been the subject of a number of recent analyst reports. Zacks Investment Research lowered 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. B. Riley lowered shares of Autoweb from a “buy” rating to a “neutral” rating and set a $4.90 price target for the company. in a research report on Friday, March 9th. ValuEngine upgraded shares of Autoweb from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Finally, TheStreet lowered shares of Autoweb from a “c-” rating to a “d” rating in a research report on Tuesday, March 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.97.
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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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