Autoweb (AUTO) Rating Lowered to Hold at ValuEngine

Autoweb (NASDAQ:AUTO) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

AUTO has been the topic of several other research reports. Zacks Investment Research raised shares of Autoweb from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Barrington Research reaffirmed a “hold” rating on shares of Autoweb in a research note on Tuesday, July 31st. Five equities research analysts have rated the stock with a hold rating, Autoweb presently has an average rating of “Hold” and an average price target of $6.67.

Shares of NASDAQ:AUTO opened at $2.66 on Thursday. Autoweb has a 12 month low of $2.87 and a 12 month high of $9.91. The stock has a market cap of $40.59 million, a price-to-earnings ratio of 9.17 and a beta of 1.36.

Autoweb (NASDAQ:AUTO) last issued its quarterly earnings data on Thursday, August 2nd. The information services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Autoweb had a negative return on equity of 7.50% and a negative net margin of 61.64%. The company had revenue of $29.29 million for the quarter, compared to the consensus estimate of $29.93 million. equities analysts forecast that Autoweb will post -0.88 earnings per share for the current year.

In other Autoweb news, insider Jared Robert Rowe bought 13,800 shares of Autoweb stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $3.64 per share, with a total value of $50,232.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 30.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Kokino LLC boosted its stake in Autoweb by 2.4% during the 2nd 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. Macquarie Group Ltd. boosted its stake in Autoweb by 17.1% during the 2nd quarter. Macquarie Group Ltd. now owns 146,841 shares of the information services provider’s stock worth $664,000 after acquiring an additional 21,395 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Autoweb by 11.1% during the 1st 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 last quarter. Manatuck Hill Partners LLC bought a new position in Autoweb during the 2nd quarter worth approximately $235,000. Finally, Ancora Advisors LLC bought a new position in Autoweb during the 1st quarter worth approximately $380,000. 40.25% of the stock is currently owned by 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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