Autoweb (AUTO) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Autoweb (NASDAQ:AUTO) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

A number of other research firms have also recently weighed in on AUTO. Barrington Research restated a hold rating on shares of Autoweb in a research report on Tuesday, July 31st. B. Riley reduced their price objective on shares of Autoweb from $3.70 to $3.20 and set a neutral rating for the company in a research report on Tuesday, November 13th. Finally, Zacks Investment Research cut shares of Autoweb from a hold rating to a sell rating in a research report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $6.40.

AUTO opened at $2.11 on Friday. Autoweb has a 1 year low of $1.97 and a 1 year high of $9.91. The firm has a market capitalization of $27.97 million, a P/E ratio of 7.28 and a beta of 1.40.

Autoweb (NASDAQ:AUTO) last posted its earnings results on Thursday, November 8th. The information services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Autoweb had a negative net margin of 78.46% and a negative return on equity of 20.99%. The firm had revenue of $31.70 million during the quarter, compared to analyst estimates of $30.74 million. Research analysts anticipate that Autoweb will post -0.99 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Manatuck Hill Partners LLC acquired a new position in Autoweb during the second quarter worth $235,000. Macquarie Group Ltd. raised its position in Autoweb by 17.1% during the second 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 period. Dimensional Fund Advisors LP raised its position in 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. Fondren Management LP raised its position in Autoweb by 49.8% during the second quarter. Fondren Management LP now owns 419,369 shares of the information services provider’s stock worth $1,896,000 after acquiring an additional 139,369 shares during the period. Finally, Kokino LLC raised its position in Autoweb by 2.4% during 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 period. Institutional investors own 38.82% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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