Autoweb (NASDAQ:AUTO) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently commented on AUTO. Barrington Research restated a “hold” rating on shares of Autoweb in a report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Autoweb from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Five investment analysts have rated the stock with a hold rating, Autoweb currently has an average rating of “Hold” and an average target price of $6.67.

Shares of AUTO stock opened at $2.66 on Thursday. The company has a market cap of $40.59 million, a price-to-earnings ratio of 9.17 and a beta of 1.36. Autoweb has a 52 week low of $2.87 and a 52 week high of $9.91.

Autoweb (NASDAQ:AUTO) last announced its earnings results on Thursday, August 2nd. The information services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $29.29 million for the quarter, compared to analyst estimates of $29.93 million. Autoweb had a negative return on equity of 7.50% and a negative net margin of 61.64%. equities analysts anticipate that Autoweb will post -0.88 earnings per share for the current fiscal year.

In other Autoweb news, insider Jared Robert Rowe acquired 13,800 shares of the stock in a transaction dated Friday, August 10th. The shares were bought at an average cost of $3.64 per share, for a total transaction of $50,232.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AUTO. Manatuck Hill Partners LLC acquired a new stake in shares of Autoweb in the second quarter valued at approximately $235,000. Ancora Advisors LLC acquired a new stake in shares of Autoweb in the first quarter valued at approximately $380,000. Macquarie Group Ltd. raised its holdings in shares of Autoweb by 17.1% in the second quarter. Macquarie Group Ltd. now owns 146,841 shares of the information services provider’s stock valued at $664,000 after purchasing an additional 21,395 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Autoweb by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 315,549 shares of the information services provider’s stock valued at $940,000 after buying an additional 31,534 shares in the last quarter. Finally, Fondren Management LP grew its stake in shares of Autoweb by 49.8% in the second quarter. Fondren Management LP now owns 419,369 shares of the information services provider’s stock valued at $1,896,000 after buying an additional 139,369 shares in the last quarter. Institutional investors own 40.25% of the company’s stock.

About Autoweb

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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