Zacks Investment Research lowered shares of Autoweb (NASDAQ:AUTO) from a hold rating to a strong sell rating in a research report sent to investors on Thursday.

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. “

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AUTO has been the subject of a number of other research reports. ValuEngine raised Autoweb from a hold rating to a buy rating in a research report on Saturday, March 10th. Barrington Research reaffirmed a buy rating on shares of Autoweb in a research report on Friday, March 2nd. TheStreet cut Autoweb from a c- rating to a d rating in a research report on Tuesday, March 13th. Finally, B. Riley cut Autoweb from a buy rating to a neutral rating and set a $4.90 price target for the company. in a research report on Friday, March 9th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Autoweb presently has a consensus rating of Hold and a consensus target price of $7.45.

AUTO stock opened at $3.54 on Thursday. Autoweb has a one year low of $3.39 and a one year high of $14.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.99 and a current ratio of 2.99. The firm has a market capitalization of $46.29, a price-to-earnings ratio of -0.69 and a beta of 1.08.

Autoweb (NASDAQ:AUTO) last issued its quarterly earnings results on Thursday, March 8th. The information services provider reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.17). Autoweb had a positive return on equity of 3.48% and a negative net margin of 45.71%. The firm had revenue of $33.32 million for the quarter, compared to analyst estimates of $35.35 million. analysts predict that Autoweb will post -0.1 earnings per share for the current year.

In other Autoweb news, EVP Kimberly Boren sold 5,739 shares of Autoweb stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $9.27, for a total transaction of $53,200.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.73% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Kokino LLC acquired a new position in shares of Autoweb in the 4th quarter valued at about $5,631,000. Signia Capital Management LLC acquired a new position in shares of Autoweb in the 4th quarter valued at about $4,622,000. Ariel Investments LLC acquired a new position in shares of Autoweb in the 4th quarter valued at about $3,665,000. Thomson Horstmann & Bryant Inc. acquired a new position in shares of Autoweb in the 4th quarter valued at about $2,792,000. Finally, Adirondack Research & Management Inc. acquired a new position in shares of Autoweb in the 4th quarter valued at about $2,745,000. 50.29% of the stock is owned by institutional investors and hedge funds.

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Autoweb Company Profile

AutoWeb, Inc, formerly 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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