Autoweb Inc (NASDAQ:AUTO) Director Matias De Tezanos Purchases 50,000 Shares of Stock
Autoweb Inc (NASDAQ:AUTO) Director Matias De Tezanos purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $2.31 per share, with a total value of $115,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Autoweb stock traded down $0.09 during midday trading on Friday, hitting $2.33. The stock had a trading volume of 37,300 shares, compared to its average volume of 40,805. The firm’s fifty day moving average is $3.26 and its two-hundred day moving average is $3.49. Autoweb Inc has a 52-week low of $1.90 and a 52-week high of $5.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.08.
Autoweb (NASDAQ:AUTO) last released its earnings results on Wednesday, August 7th. The information services provider reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.20). The firm had revenue of $27.14 million during the quarter, compared to analysts’ expectations of $27.71 million. Autoweb had a negative return on equity of 51.92% and a negative net margin of 27.41%. As a group, research analysts predict that Autoweb Inc will post -0.6 earnings per share for the current year.
AUTO has been the subject of a number of recent analyst reports. Barrington Research reiterated a “hold” rating on shares of Autoweb in a report on Monday, May 6th. Zacks Investment Research cut shares of Autoweb from a “hold” rating to a “sell” rating in a research note on Monday, August 12th.
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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