Autoweb (NASDAQ:AUTO)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research report issued on Friday, Stock Target Advisor reports.
AUTO has been the subject of a number of other reports. Liberum Capital reiterated a “buy” rating on shares of Autoweb in a report on Wednesday. Zacks Investment Research upgraded shares of Autoweb from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. UBS Group reiterated a “sell” rating on shares of Autoweb in a report on Tuesday, October 29th. Credit Suisse Group reiterated an “underperform” rating on shares of Autoweb in a report on Thursday, October 17th. Finally, ValuEngine upgraded shares of Autoweb from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Autoweb currently has a consensus rating of “Hold” and a consensus target price of $4.25.
AUTO stock traded up $0.08 during midday trading on Friday, reaching $2.52. 8,300 shares of the company’s stock traded hands, compared to its average volume of 25,333. The company has a 50-day moving average price of $2.66 and a two-hundred day moving average price of $3.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.45 and a current ratio of 1.45. Autoweb has a 52 week low of $1.90 and a 52 week high of $5.00. The firm has a market capitalization of $32.34 million, a PE ratio of -2.29 and a beta of 0.19.
In related news, Director Matias De Tezanos purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $2.31 per share, with a total value of $115,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 38.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC raised its stake in Autoweb by 53.8% in the third quarter. Ridgewood Investments LLC now owns 24,615 shares of the information services provider’s stock worth $76,000 after buying an additional 8,615 shares in the last quarter. Vanguard Group Inc. raised its stake in Autoweb by 28.1% in the second quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock worth $881,000 after buying an additional 54,377 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Autoweb by 5.3% in the second quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock worth $1,447,000 after buying an additional 20,400 shares in the last quarter. 19.73% of the stock is owned by institutional investors.
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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