Ancora Advisors LLC acquired a new position in shares of Autoweb Inc (NASDAQ:AUTO) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 127,433 shares of the information services provider’s stock, valued at approximately $380,000.
Several other large investors have also recently modified their holdings of the company. Kokino LLC boosted its holdings in shares of Autoweb by 10.4% during the first quarter. Kokino LLC now owns 690,000 shares of the information services provider’s stock worth $2,056,000 after acquiring an additional 65,000 shares during the period. Ariel Investments LLC bought a new stake in shares of Autoweb during the fourth quarter worth approximately $3,665,000. Dimensional Fund Advisors LP boosted its holdings in shares of Autoweb by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 315,549 shares of the information services provider’s stock worth $940,000 after acquiring an additional 31,534 shares during the period. Adirondack Research & Management Inc. bought a new stake in shares of Autoweb during the fourth quarter worth approximately $2,745,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Autoweb during the fourth quarter worth approximately $2,633,000. Institutional investors own 44.46% of the company’s stock.
In other news, insider Jared Robert Rowe acquired 60,975 shares of the stock in a transaction on Tuesday, May 15th. The stock was acquired at an average cost of $3.28 per share, for a total transaction of $199,998.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Investment & Development Finan acquired 42,296 shares of the stock in a transaction on Friday, May 18th. The shares were purchased at an average price of $3.61 per share, with a total value of $152,688.56. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 157,545 shares of company stock valued at $552,415. 30.60% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on AUTO. Barrington Research restated a “buy” rating on shares of Autoweb in a report on Friday, March 2nd. B. Riley cut Autoweb from a “buy” rating to a “neutral” rating and set a $4.90 price target for the company. in a research note on Friday, March 9th. ValuEngine upgraded Autoweb from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Zacks Investment Research upgraded Autoweb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Lake Street Capital cut Autoweb from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Autoweb has an average rating of “Hold” and a consensus price target of $6.67.
Shares of AUTO stock opened at $4.33 on Wednesday. The company has a market capitalization of $57.86 million, a P/E ratio of 14.93 and a beta of 1.49. Autoweb Inc has a 1 year low of $2.88 and a 1 year high of $14.30.
Autoweb (NASDAQ:AUTO) last issued its quarterly earnings results on Thursday, May 10th. The information services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $32.35 million during the quarter, compared to the consensus estimate of $32.02 million. Autoweb had a negative net margin of 55.22% and a negative return on equity of 0.52%. research analysts predict that Autoweb Inc will post -0.44 EPS for the current year.
Autoweb Company Profile
AutoWeb, Inc operates as a digital marketing company for the automotive industry 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, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.
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