Autoweb Inc (NASDAQ:AUTO)’s share price reached a new 52-week low on Monday . The company traded as low as $1.95 and last traded at $1.98, with a volume of 700 shares. The stock had previously closed at $2.00.
AUTO has been the subject of a number of research analyst reports. Barrington Research reiterated a “hold” rating on shares of Autoweb in a report on Monday, November 5th. ValuEngine cut Autoweb from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. B. Riley decreased their target price on Autoweb from $3.70 to $3.20 and set a “neutral” rating on the stock in a research note on Tuesday, November 13th. Finally, Zacks Investment Research lowered Autoweb from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.40.
The company has a market capitalization of $25.90 million, a PE ratio of 7.00 and a beta of 1.15.
A number of institutional investors and hedge funds have recently bought and sold shares of AUTO. Kokino LLC lifted its stake in Autoweb by 2.4% during the 2nd quarter. Kokino LLC now owns 706,400 shares of the information services provider’s stock worth $3,193,000 after acquiring an additional 16,400 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Autoweb during the 2nd quarter worth about $235,000. Macquarie Group Ltd. raised its position in Autoweb by 17.1% in the 2nd 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 in the last quarter. Finally, Fondren Management LP raised its position in Autoweb by 49.8% in the 2nd quarter. Fondren Management LP now owns 419,369 shares of the information services provider’s stock valued at $1,896,000 after purchasing an additional 139,369 shares in the last quarter. 32.37% of the stock is currently owned by hedge funds and other institutional investors.
Autoweb Company Profile (NASDAQ:AUTO)
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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