Autoweb (AUTO) Stock Price Down 3%

Shares of Autoweb Inc (NASDAQ:AUTO) dropped 3% on Monday . The stock traded as low as $3.81 and last traded at $3.84. Approximately 170,782 shares changed hands during trading, an increase of 80% from the average daily volume of 94,946 shares. The stock had previously closed at $3.96.

AUTO has been the subject of several recent research reports. Zacks Investment Research upgraded 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. ValuEngine upgraded shares of Autoweb from a “hold” rating to a “buy” rating in a research report on Saturday. Barrington Research restated a “buy” rating on shares of Autoweb in a research report on Friday, March 2nd. Finally, B. Riley lowered shares of 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.45.

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The stock has a market cap of $48.93, a PE ratio of 22.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.99 and a quick ratio of 2.99.

In other news, EVP Kimberly Boren sold 5,739 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $9.27, for a total transaction of $53,200.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AUTO. Thomson Horstmann & Bryant Inc. bought a new position in Autoweb in the 4th quarter valued at about $2,792,000. Acadian Asset Management LLC bought a new position in Autoweb in the 4th quarter valued at about $141,000. Rice Hall James & Associates LLC bought a new position in Autoweb in the 4th quarter valued at about $177,000. Perritt Capital Management Inc. bought a new position in Autoweb in the 4th quarter valued at about $1,216,000. Finally, Bingham Osborn & Scarborough LLC bought a new position in Autoweb in the 4th quarter valued at about $135,000. Hedge funds and other institutional investors own 50.29% of the company’s stock.

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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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