B. Riley downgraded shares of Autoweb (NASDAQ:AUTO) from a buy rating to a neutral rating in a report released on Friday morning. They currently have $4.90 price objective on the information services provider’s stock. B. Riley also issued estimates for Autoweb’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.66 EPS.
A number of other brokerages have also issued reports on AUTO. Barrington Research reissued a buy rating on shares of Autoweb in a research note on Friday, March 2nd. Zacks Investment Research raised shares of Autoweb from a hold rating to a buy rating and set a $10.00 target price for the company in a research note on Friday, December 29th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Autoweb has a consensus rating of Buy and a consensus target price of $7.45.
Autoweb (NASDAQ:AUTO) opened at $3.97 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.99 and a current ratio of 2.99. Autoweb has a 1 year low of $3.80 and a 1 year high of $14.40. The firm has a market cap of $51.94, a price-to-earnings ratio of 23.35 and a beta of 1.08.
Several institutional investors and hedge funds have recently modified their holdings of AUTO. Kokino LLC purchased a new stake in shares of Autoweb during the fourth quarter valued at $5,631,000. Signia Capital Management LLC purchased a new stake in shares of Autoweb during the fourth quarter valued at $4,622,000. Ariel Investments LLC purchased a new stake in shares of Autoweb during the fourth quarter valued at $3,665,000. Thomson Horstmann & Bryant Inc. purchased a new stake in shares of Autoweb during the fourth quarter valued at $2,792,000. Finally, Adirondack Research & Management Inc. purchased a new stake in shares of Autoweb during the fourth quarter valued at $2,745,000. 50.29% of the stock is owned by hedge funds and other institutional investors.
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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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