Autobytel Inc. (NASDAQ:ABTL) had its target price boosted by Barrington Research from $25.00 to $28.00 in a research report released on Monday. Barrington Research currently has an outperform rating on the stock.
A number of other equities analysts have also issued reports on ABTL. Zacks Investment Research raised Autobytel from a strong sell rating to a hold rating in a research report on Wednesday, July 6th. B. Riley reaffirmed a buy rating and issued a $28.00 target price on shares of Autobytel in a research report on Friday, August 5th.
Autobytel (NASDAQ:ABTL) opened at 17.05 on Monday. The company has a 50-day moving average of $16.93 and a 200-day moving average of $15.80. Autobytel has a 52-week low of $12.33 and a 52-week high of $25.00. The stock has a market capitalization of $183.88 million, a price-to-earnings ratio of 77.15 and a beta of 1.34.
Autobytel (NASDAQ:ABTL) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The firm earned $36.10 million during the quarter, compared to analysts’ expectations of $34.24 million. Autobytel had a return on equity of 12.16% and a net margin of 1.85%. Autobytel’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Equities research analysts expect that Autobytel will post $1.40 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Thomson Horstmann & Bryant Inc. raised its stake in Autobytel by 4.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 512,417 shares of the company’s stock valued at $7,107,000 after buying an additional 20,423 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Autobytel during the second quarter valued at about $6,608,000. Vanguard Group Inc. raised its stake in Autobytel by 2.0% in the second quarter. Vanguard Group Inc. now owns 385,076 shares of the company’s stock valued at $5,341,000 after buying an additional 7,435 shares in the last quarter. Lyon Street Capital LLC raised its stake in Autobytel by 13.5% in the second quarter. Lyon Street Capital LLC now owns 359,297 shares of the company’s stock valued at $4,983,000 after buying an additional 42,835 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Autobytel by 24.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 239,576 shares of the company’s stock valued at $3,323,000 after buying an additional 47,413 shares in the last quarter. 66.48% of the stock is currently owned by institutional investors and hedge funds.
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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