Barrington Research Reaffirms “Hold” Rating for Autoweb (AUTO)

Barrington Research reissued their hold rating on shares of Autoweb (NASDAQ:AUTO) in a research report released on Monday, AnalystRatings.com reports.

“We have a MARKET PERFORM investment rating on the shares. Company Description AutoWeb, Inc. engages in digital marketing solutions. The company engages in assisting automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers by utilizing digital sales enhancing products and services. Its consumer-facing automotive websites provide consumers with information and tools to aid them with their automotive purchase decisions and gives in-market consumers the ability to connect with Dealers regarding purchasing or leasing vehicles. The company offers the WebLeads+ and Payment Pro and other Leads program for sale transactions.”,” Barrington Research’s analyst wrote.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Autoweb from a hold rating to a sell rating in a report on Wednesday, March 13th. B. Riley raised shares of Autoweb from a neutral rating to a buy rating and upped their target price for the company from $3.20 to $5.00 in a report on Friday, March 8th. Finally, ValuEngine cut shares of Autoweb from a buy rating to a hold rating in a report on Saturday, February 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $5.00.

Shares of Autoweb stock opened at $3.31 on Monday. The company has a market cap of $43.84 million, a P/E ratio of -3.01 and a beta of 0.07. Autoweb has a twelve month low of $1.90 and a twelve month high of $5.00.

Autoweb (NASDAQ:AUTO) last issued its quarterly earnings data on Thursday, March 7th. The information services provider reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.01. Autoweb had a negative net margin of 30.91% and a negative return on equity of 30.35%. The company had revenue of $32.25 million for the quarter, compared to the consensus estimate of $29.27 million. On average, equities analysts expect that Autoweb will post -0.9 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Autoweb by 17.9% during the fourth quarter. Bank of New York Mellon Corp now owns 76,454 shares of the information services provider’s stock valued at $233,000 after buying an additional 11,634 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Autoweb during the first quarter valued at approximately $45,000. Finally, BlackRock Inc. increased its holdings in Autoweb by 29.6% during the fourth quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock valued at $925,000 after buying an additional 69,364 shares during the last quarter. 22.76% of the stock is owned by institutional investors and hedge funds.

Autoweb Company Profile

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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