Autoweb Inc (NASDAQ:AUTO) has earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $3.20.
A number of equities research analysts have recently commented on AUTO shares. Barrington Research reissued a “hold” rating on shares of Autoweb in a research note on Monday, November 5th. ValuEngine raised Autoweb from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research cut Autoweb from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Finally, B. Riley cut their target price on Autoweb from $3.70 to $3.20 and set a “neutral” rating on the stock in a research note on Tuesday, November 13th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kokino LLC grew its stake in shares of Autoweb by 2.4% in the second quarter. Kokino LLC now owns 706,400 shares of the information services provider’s stock worth $3,193,000 after acquiring an additional 16,400 shares during the last quarter. Fondren Management LP boosted its position in shares of Autoweb by 49.8% during the second quarter. Fondren Management LP now owns 419,369 shares of the information services provider’s stock valued at $1,896,000 after buying an additional 139,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $940,000 after buying an additional 31,534 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Autoweb by 17.1% during the second quarter. Macquarie Group Ltd. now owns 146,841 shares of the information services provider’s stock valued at $664,000 after buying an additional 21,395 shares during the last quarter. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Autoweb during the second quarter valued at $235,000. 38.82% of the stock is currently owned by hedge funds and other institutional investors.
Autoweb (NASDAQ:AUTO) last released its earnings results on Thursday, November 8th. The information services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). Autoweb had a negative return on equity of 20.99% and a negative net margin of 78.46%. The company had revenue of $31.70 million during the quarter, compared to analysts’ expectations of $30.74 million. As a group, equities research analysts anticipate that Autoweb will post -1.1 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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