Autoweb (NASDAQ:AUTO) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Autoweb (NASDAQ:AUTO) from a hold rating to a strong sell rating in a research report report published on Thursday, March 15th.

According to Zacks, “AutoWeb, Inc. provides consumer leads and associated marketing services primarily to automotive dealers and manufacturers throughout the United States. It also provides consumers with robust and original online automotive content. AutoWeb Inc., formerly known as Autobytel Inc., is headquartered in Irvine, CA. “

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Other equities research analysts have also recently issued research reports about the company. TheStreet cut Autoweb from a c- rating to a d rating in a report on Tuesday, March 13th. ValuEngine raised Autoweb from a hold rating to a buy rating in a report on Saturday, March 10th. Barrington Research reissued a market perform rating on shares of Autoweb in a report on Friday, March 9th. Finally, B. Riley cut Autoweb from a buy rating to a neutral rating and set a $4.90 target price on the stock. in a report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Autoweb currently has a consensus rating of Hold and an average price target of $6.97.

NASDAQ:AUTO traded down $0.10 during mid-day trading on Thursday, reaching $2.98. The stock had a trading volume of 40,355 shares, compared to its average volume of 204,532. The company has a market capitalization of $38.96, a price-to-earnings ratio of 9.61 and a beta of 1.56. Autoweb has a 1-year low of $2.88 and a 1-year high of $14.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.16 and a current ratio of 3.16.

Autoweb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, March 8th. The information services provider reported ($0.09) EPS 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 firm had revenue of $33.32 million during the quarter, compared to analyst estimates of $35.35 million. equities research analysts forecast that Autoweb will post -0.1 EPS for the current fiscal year.

In other Autoweb news, EVP Kimberly Boren sold 5,739 shares of Autoweb stock in a transaction that occurred 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 20.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AUTO. Thomson Horstmann & Bryant Inc. purchased a new position in shares of Autoweb during the 4th quarter valued at $2,792,000. Acadian Asset Management LLC purchased a new position in shares of Autoweb during the 4th quarter valued at $141,000. Rice Hall James & Associates LLC purchased a new position in shares of Autoweb during the 4th quarter valued at $177,000. Perritt Capital Management Inc. purchased a new position in shares of Autoweb during the 4th quarter valued at $1,216,000. Finally, Bingham Osborn & Scarborough LLC purchased a new position in shares of Autoweb during the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 50.18% of the company’s stock.

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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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