Stone Ridge Asset Management LLC Takes Position in Autoweb Inc (AUTO)

Stone Ridge Asset Management LLC bought a new position in shares of Autoweb Inc (NASDAQ:AUTO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,042 shares of the information services provider’s stock, valued at approximately $172,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AXA acquired a new stake in Autoweb during the 4th quarter worth $129,000. Tocqueville Asset Management L.P. acquired a new stake in Autoweb during the 4th quarter worth $134,000. Bingham Osborn & Scarborough LLC acquired a new stake in Autoweb during the 4th quarter worth $135,000. Acadian Asset Management LLC acquired a new stake in Autoweb during the 4th quarter worth $141,000. Finally, Virtu Financial LLC acquired a new stake in Autoweb during the 4th quarter worth $143,000. 50.18% of the stock is currently owned by institutional investors.

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In other news, EVP Kimberly Boren sold 5,739 shares of Autoweb stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $9.27, for a total transaction of $53,200.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.73% of the stock is owned by insiders.

NASDAQ AUTO opened at $2.98 on Friday. Autoweb Inc has a 52 week low of $2.88 and a 52 week 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. The firm has a market cap of $38.96, a PE ratio of 9.61 and a beta of 1.56.

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 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 analysts’ expectations of $35.35 million. sell-side analysts expect that Autoweb Inc will post -0.1 earnings per share for the current fiscal year.

Several brokerages have issued reports on AUTO. ValuEngine cut shares of Autoweb from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Lake Street Capital set a $6.00 target price on shares of Autoweb and gave the stock a “buy” rating in a research note on Monday, March 19th. TheStreet cut shares of Autoweb from a “c-” rating to a “d” rating in a research note on Tuesday, March 13th. Zacks Investment Research cut shares of Autoweb from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 15th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Autoweb in a research note on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Autoweb (NASDAQ:AUTO)

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