Autoweb (NASDAQ:AUTO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Autoweb (NASDAQ:AUTO) from a buy rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

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. “

Other analysts have also issued research reports about the company. Barrington Research decreased their price objective on CBS from $72.00 to $60.00 and set an outperform rating on the stock in a research note on Monday, May 6th. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st.

AUTO opened at $3.51 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.08. Autoweb has a 52 week low of $1.90 and a 52 week high of $5.00. The firm’s fifty day moving average is $3.55.

Autoweb (NASDAQ:AUTO) last posted its quarterly earnings data on Thursday, May 9th. The information services provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.01. The business had revenue of $31.60 million for the quarter, compared to analyst estimates of $32.17 million. Autoweb had a negative return on equity of 40.01% and a negative net margin of 27.15%. Equities analysts predict that Autoweb will post -0.52 earnings per share for the current fiscal year.

In related news, SVP Wesley Ozima sold 7,500 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $3.63, for a total transaction of $27,225.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 38.40% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of AUTO. Ridgewood Investments LLC acquired a new stake in Autoweb in the 1st quarter worth about $45,000. Bank of New York Mellon Corp boosted its stake in Autoweb by 17.9% in the 4th quarter. Bank of New York Mellon Corp now owns 76,454 shares of the information services provider’s stock worth $233,000 after buying an additional 11,634 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Autoweb by 29.6% in the 4th quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock worth $925,000 after buying an additional 69,364 shares during the last quarter. 20.14% of the stock is currently owned by hedge funds and other institutional investors.

About Autoweb

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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