Autoweb (AUTO) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Autoweb (NASDAQ:AUTO) from a hold rating to a strong sell rating in a research report released on Thursday.

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. “

AUTO has been the topic of a number of other reports. ValuEngine upgraded Autoweb from a hold rating to a buy rating in a report on Saturday, March 10th. Barrington Research reiterated a buy rating on shares of Autoweb in a report on Friday, March 2nd. TheStreet downgraded Autoweb from a c- rating to a d rating in a report on Tuesday, March 13th. Finally, B. Riley downgraded Autoweb from a buy rating to a neutral rating and set a $4.90 price target on the stock. in a report on Friday, March 9th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $7.45.

AUTO stock opened at $3.54 on Thursday. The company has a market capitalization of $46.29, a price-to-earnings ratio of -0.69 and a beta of 1.08. Autoweb has a fifty-two week low of $3.39 and a fifty-two week high of $14.30. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.07.

Autoweb (NASDAQ:AUTO) last released its quarterly earnings data 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 3.48% and a negative net margin of 45.71%. The firm had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $35.35 million. equities analysts predict that Autoweb will post -0.1 earnings per share for the current fiscal year.

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 value of $53,200.53. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 20.73% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Perritt Capital Management Inc. purchased a new position in Autoweb during the 4th quarter worth $1,216,000. Emancipation Management LLC purchased a new position in Autoweb during the 4th quarter worth $873,000. Kokino LLC purchased a new position in Autoweb during the 4th quarter worth $5,631,000. Thomson Horstmann & Bryant Inc. purchased a new position in Autoweb during the 4th quarter worth $2,792,000. Finally, Adirondack Research & Management Inc. purchased a new position in Autoweb during the 4th quarter worth $2,745,000. Hedge funds and other institutional investors own 50.29% of the company’s stock.

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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.

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