Autoweb (NASDAQ:AUTO) Shares Cross Above 200 Day Moving Average of $3.32

Autoweb Inc (NASDAQ:AUTO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.32 and traded as high as $2.91. Autoweb shares last traded at $2.59, with a volume of 2,069 shares trading hands.

Separately, Zacks Investment Research raised Autoweb from a “sell” rating to a “hold” rating in a research report on Monday, September 2nd.

The company has a market capitalization of $34.18 million, a price-to-earnings ratio of -2.33 and a beta of 0.20. The stock has a 50-day moving average price of $2.53 and a 200-day moving average price of $3.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 1.45.

Autoweb (NASDAQ:AUTO) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.20). Autoweb had a negative net margin of 27.41% and a negative return on equity of 51.92%. The business had revenue of $27.14 million during the quarter, compared to analyst estimates of $27.71 million. Equities analysts forecast that Autoweb Inc will post -0.6 earnings per share for the current year.

In other news, Director Matias De Tezanos purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $2.31 per share, with a total value of $115,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 38.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in Autoweb by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock worth $1,447,000 after purchasing an additional 20,400 shares during the last quarter. Vanguard Group Inc. increased its stake in Autoweb by 28.1% during the 2nd quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock worth $881,000 after acquiring an additional 54,377 shares during the period. Finally, Ridgewood Investments LLC increased its stake in Autoweb by 33.3% during the 2nd quarter. Ridgewood Investments LLC now owns 16,000 shares of the information services provider’s stock worth $57,000 after acquiring an additional 4,000 shares during the period. 19.67% of the stock is owned by institutional investors and hedge funds.

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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