Autoweb (NASDAQ:AUTO) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research lowered shares of Autoweb (NASDAQ:AUTO) from a hold rating to a sell rating in a research report released on Monday 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. “

Separately, Barrington Research restated a hold rating on shares of Autoweb in a research report on Monday, May 6th.

NASDAQ AUTO opened at $2.43 on Monday. The firm has a 50 day simple moving average of $3.29 and a 200-day simple moving average of $3.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 1.45. Autoweb has a one year low of $1.90 and a one year high of $5.00.

Autoweb (NASDAQ:AUTO) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.20). The company had revenue of $27.14 million for the quarter, compared to analyst estimates of $27.71 million. Autoweb had a negative return on equity of 51.92% and a negative net margin of 27.41%. Equities research analysts expect that Autoweb will post -0.6 earnings per share for the current year.

In other news, SVP Wesley Ozima sold 7,500 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $3.63, for a total transaction of $27,225.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 38.40% of the company’s stock.

Several large investors have recently modified their holdings of AUTO. BlackRock Inc. boosted its stake in shares of Autoweb by 29.6% during the 4th quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock valued at $925,000 after buying an additional 69,364 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Autoweb by 17.9% during the 4th quarter. Bank of New York Mellon Corp now owns 76,454 shares of the information services provider’s stock valued at $233,000 after buying an additional 11,634 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Autoweb during the 1st quarter valued at approximately $45,000. Renaissance Technologies LLC boosted its stake in shares of Autoweb by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock valued at $1,447,000 after buying an additional 20,400 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Autoweb by 28.1% during the 2nd quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock valued at $881,000 after buying an additional 54,377 shares during the last quarter. Institutional investors and hedge funds own 20.08% 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.

Featured Article: What economic reports are most valuable to investors?

Get a free copy of the Zacks research report on Autoweb (AUTO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Autoweb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoweb and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Insider Selling: Advanced Micro Devices, Inc.  CAO Sells $281,249.64 in Stock
Insider Selling: Advanced Micro Devices, Inc. CAO Sells $281,249.64 in Stock
Jack in the Box Inc.  CEO Sells $267,000.00 in Stock
Jack in the Box Inc. CEO Sells $267,000.00 in Stock
Insider Buying: ATCO LTD -CLASS I Common Stock   Insider Buys C$270,000.00 in Stock
Insider Buying: ATCO LTD -CLASS I Common Stock Insider Buys C$270,000.00 in Stock
Blucora  Downgraded to “Sell” at Zacks Investment Research
Blucora Downgraded to “Sell” at Zacks Investment Research
Assembly Biosciences  Cut to Hold at Zacks Investment Research
Assembly Biosciences Cut to Hold at Zacks Investment Research
Aptose Biosciences  Lowered to Hold at Zacks Investment Research
Aptose Biosciences Lowered to Hold at Zacks Investment Research


© 2006-2019 Ticker Report