Shares of AutoWeb (NASDAQ:AUTO) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.45.
Several research firms have issued reports on AUTO. ValuEngine cut AutoWeb from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Lake Street Capital set a $6.00 price target on AutoWeb and gave the company a “buy” rating in a report on Monday, March 19th. Zacks Investment Research cut AutoWeb from a “hold” rating to a “strong sell” rating in a report on Thursday, March 15th. TheStreet downgraded shares of AutoWeb from a “c-” rating to a “d” rating in a research note on Tuesday, March 13th. Finally, Barrington Research reissued a “market perform” rating on shares of AutoWeb in a research note on Friday, March 9th.
Large investors have recently made changes to their positions in the business. AXA acquired a new stake in AutoWeb during the 4th quarter valued at $129,000. Tocqueville Asset Management L.P. acquired a new stake in AutoWeb during the 4th quarter valued at $134,000. Bingham Osborn & Scarborough LLC acquired a new stake in AutoWeb during the 4th quarter valued at $135,000. Acadian Asset Management LLC acquired a new stake in AutoWeb during the 4th quarter valued at $141,000. Finally, Virtu Financial LLC acquired a new stake in AutoWeb during the 4th quarter valued at $143,000. 50.18% of the stock is currently owned by institutional investors.
Shares of NASDAQ AUTO traded down $0.04 during trading on Friday, hitting $3.72. The company had a trading volume of 41,451 shares, compared to its average volume of 114,843. The stock has a market capitalization of $48.11, a P/E ratio of 12.83 and a beta of 1.56. AutoWeb 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.
AutoWeb (NASDAQ:AUTO) last posted its quarterly earnings results 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 company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $35.35 million. AutoWeb had a negative net margin of 45.71% and a positive return on equity of 3.95%. research analysts forecast that AutoWeb will post -0.13 earnings per share for the current year.
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AutoWeb, Inc operates as an automotive marketing services company in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, as well as finance leads program, which provides vehicle financing and other services from dealers or financial institutions.
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