Autobytel (ABTL) Receiving Somewhat Positive News Coverage, Report Finds
Press coverage about Autobytel (NASDAQ:ABTL) has trended somewhat positive on Monday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Autobytel earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 46.9247648545463 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Critical Analysis: Autobytel (NASDAQ:ABTL) & Social Reality (SCRI) (americanbankingnews.com)
- Research Analysts’ Recent Ratings Updates for Esterline Technologies Corporation (ESL) (expressnewsline.com)
- Analysts Anticipate Autobytel Inc. (ABTL) Will Announce Earnings of $0.23 Per Share (americanbankingnews.com)
- Autobytel, Inc. :ABTL-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
A number of equities research analysts have commented on the stock. B. Riley reissued a “buy” rating and issued a $20.00 price objective on shares of Autobytel in a research report on Wednesday, May 10th. ValuEngine downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Barrington Research downgraded shares of Autobytel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th.
Autobytel (NASDAQ ABTL) traded down 1.31% on Monday, hitting $8.29. 20,395 shares of the company were exchanged. The firm has a 50 day moving average of $11.50 and a 200-day moving average of $12.51. The stock has a market cap of $106.68 million, a PE ratio of 25.05 and a beta of 0.90. Autobytel has a 52-week low of $6.63 and a 52-week high of $18.39.
Autobytel (NASDAQ:ABTL) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $34.60 million during the quarter, compared to analyst estimates of $34.30 million. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Autobytel will post $0.78 earnings per share for the current fiscal year.
In other Autobytel news, CAO Glenn Evan Fuller sold 13,907 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $13.75, for a total transaction of $191,221.25. Following the completion of the sale, the chief accounting officer now owns 20,607 shares in the company, valued at $283,346.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William Ferriolo sold 13,488 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $13.72, for a total transaction of $185,055.36. Following the sale, the executive vice president now owns 164,253 shares of the company’s stock, valued at approximately $2,253,551.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,778 shares of company stock valued at $1,060,935. Insiders own 12.80% of the company’s stock.
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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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