Barrington Research Reaffirms “Hold” Rating for Autoweb (AUTO)

Barrington Research Reaffirms “Hold” Rating for Autoweb (AUTO)

Barrington Research reaffirmed their hold rating on shares of Autoweb (NASDAQ:AUTO) in a research report report published on Monday, AnalystRatings.com reports.

“We have a MARKET PERFORM investment rating on the shares. Company Description AutoWeb, Inc. engages in digital marketing solutions. The company engages in assisting automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers by utilizing digital sales enhancing products and services. Its consumer-facing automotive websites provide consumers with information and tools to aid them with their automotive purchase decisions and gives in-market consumers the ability to connect with Dealers regarding purchasing or leasing vehicles. The company offers the WebLeads+ and Payment Pro and other Leads program for sale transactions.”,” the firm’s analyst commented.

Several other research firms have also commented on AUTO. Zacks Investment Research lowered shares of Autoweb from a hold rating to a sell rating in a research report on Wednesday, March 20th. ValuEngine upgraded shares of Autoweb from a hold rating to a buy rating in a research report on Monday, April 1st. Finally, B. Riley upgraded shares of Autoweb from a neutral rating to a buy rating and increased their price objective for the company from $3.20 to $5.00 in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $5.00.

Shares of NASDAQ:AUTO opened at $3.31 on Monday. Autoweb has a fifty-two week low of $1.90 and a fifty-two week high of $5.00. The firm has a market cap of $43.84 million, a P/E ratio of -3.01 and a beta of 0.07.

Autoweb (NASDAQ:AUTO) last released its quarterly earnings data on Thursday, March 7th. The information services provider reported ($0.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.01. Autoweb had a negative net margin of 30.91% and a negative return on equity of 30.35%. The business had revenue of $32.25 million during the quarter, compared to analyst estimates of $29.27 million. On average, analysts expect that Autoweb will post -0.9 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new stake in shares of Autoweb in the 1st quarter worth about $45,000. Bank of New York Mellon Corp lifted its holdings in shares of 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 acquiring an additional 11,634 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of 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 acquiring an additional 69,364 shares during the last quarter. Hedge funds and other institutional investors own 22.76% 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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