ValuEngine Lowers Autoweb (NASDAQ:AUTO) to Hold

ValuEngine cut shares of Autoweb (NASDAQ:AUTO) from a buy rating to a hold rating in a research note issued to investors on Friday, March 16th.

Several other brokerages also recently issued reports on AUTO. Zacks Investment Research downgraded 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 downgraded Autoweb from a buy rating to a neutral rating and set a $4.90 price objective for the company. in a research report on Friday, March 9th. Finally, TheStreet downgraded Autoweb from a c- rating to a d rating in a research report on Tuesday, March 13th. Two 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 a consensus rating of Hold and a consensus price target of $6.97.

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AUTO stock traded down $0.10 during midday trading on Friday, reaching $2.98. The company had a trading volume of 40,355 shares, compared to its average volume of 204,532. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.13. Autoweb has a fifty-two week low of $2.88 and a fifty-two week high of $14.30. The company has a market cap of $38.96, a P/E ratio of 10.28 and a beta of 1.56.

Autoweb (NASDAQ:AUTO) last issued its quarterly earnings data on Thursday, March 8th. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.17). The business had revenue of $33.32 million for the quarter, compared to analyst estimates of $35.35 million. Autoweb had a positive return on equity of 3.95% and a negative net margin of 45.71%. analysts expect that Autoweb will post -0.1 EPS for the current fiscal year.

In related news, EVP Kimberly Boren sold 5,739 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $9.27, for a total transaction of $53,200.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.73% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. AXA bought a new stake in Autoweb during the fourth quarter worth approximately $129,000. Tocqueville Asset Management L.P. bought a new position in shares of Autoweb in the fourth quarter valued at $134,000. Bingham Osborn & Scarborough LLC bought a new position in shares of Autoweb in the fourth quarter valued at $135,000. Acadian Asset Management LLC bought a new position in shares of Autoweb in the fourth quarter valued at $141,000. Finally, Virtu Financial LLC bought a new position in shares of Autoweb in the fourth quarter valued at $143,000. 50.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Autoweb

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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