Macquarie Group Ltd. bought a new stake in Autoweb Inc (NASDAQ:AUTO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 112,950 shares of the information services provider’s stock, valued at approximately $1,018,000.
Several other hedge funds have also added to or reduced their stakes in the company. Thomson Horstmann & Bryant Inc. bought a new position in Autoweb during the fourth quarter valued at $2,792,000. Acadian Asset Management LLC bought a new position in Autoweb during the fourth quarter valued at $141,000. Rice Hall James & Associates LLC bought a new position in Autoweb during the fourth quarter valued at $177,000. Perritt Capital Management Inc. bought a new position in Autoweb during the fourth quarter valued at $1,216,000. Finally, Bingham Osborn & Scarborough LLC bought a new position in Autoweb during the fourth quarter valued at $135,000. 50.18% of the stock is owned by institutional investors.
In other news, EVP Kimberly Boren sold 5,739 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $9.27, for a total value of $53,200.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.73% of the stock is owned by company insiders.
Shares of NASDAQ AUTO opened at $2.98 on Friday. Autoweb Inc has a 1-year low of $2.88 and a 1-year high of $14.30. The firm has a market cap of $40.27, a price-to-earnings ratio of 10.28 and a beta of 1.56. 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 (NASDAQ:AUTO) last announced its quarterly earnings data on Thursday, March 8th. The information services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.17). Autoweb had a negative net margin of 45.71% and a positive return on equity of 3.95%. The firm had revenue of $33.32 million for the quarter, compared to the consensus estimate of $35.35 million. analysts anticipate that Autoweb Inc will post -0.1 earnings per share for the current year.
Several brokerages have weighed in on AUTO. ValuEngine lowered Autoweb from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Lake Street Capital set a $6.00 price objective on Autoweb and gave the company a “buy” rating in a report on Monday, March 19th. Zacks Investment Research lowered Autoweb from a “hold” rating to a “strong sell” rating in a report on Thursday, March 15th. TheStreet lowered Autoweb from a “c-” rating to a “d” rating in a report on Tuesday, March 13th. Finally, Barrington Research reissued a “market perform” rating on shares of Autoweb in a report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.97.
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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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