Insider Buying: Autoweb Inc (NASDAQ:AUTO) Director Acquires 50,000 Shares of Stock

Autoweb Inc (NASDAQ:AUTO) Director Matias De Tezanos purchased 50,000 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ AUTO traded down $0.09 during midday trading on Friday, reaching $2.33. 37,287 shares of the stock were exchanged, compared to its average volume of 29,954. The company has a market capitalization of $30.56 million, a P/E ratio of -2.11 and a beta of -0.01. 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. The stock has a 50 day moving average price of $3.29 and a 200-day moving average price of $3.50.

Autoweb (NASDAQ:AUTO) last issued its quarterly earnings results on Wednesday, August 7th. The information services provider reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.20). The firm had revenue of $27.14 million for 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%. On average, analysts forecast that Autoweb Inc will post -0.6 earnings per share for the current year.



A number of institutional investors have recently added to or reduced their stakes in AUTO. BlackRock Inc. grew its holdings in Autoweb by 29.6% in the fourth quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock valued at $925,000 after purchasing an additional 69,364 shares during the period. Vanguard Group Inc. grew its holdings in Autoweb by 28.1% in the second quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock valued at $881,000 after purchasing an additional 54,377 shares during the period. Renaissance Technologies LLC grew its holdings in Autoweb by 5.3% in the second quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock valued at $1,447,000 after purchasing an additional 20,400 shares during the period. Bank of New York Mellon Corp grew its holdings in Autoweb by 17.9% in 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 purchasing an additional 11,634 shares during the period. Finally, Ridgewood Investments LLC grew its holdings in Autoweb by 33.3% in the second quarter. Ridgewood Investments LLC now owns 16,000 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 20.08% of the company’s stock.

A number of brokerages have recently commented on AUTO. Zacks Investment Research downgraded shares of Autoweb from a “hold” rating to a “sell” rating in a report on Monday. Barrington Research reiterated a “hold” rating on shares of Autoweb in a report on Monday, May 6th.

About Autoweb

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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