Shares of Autoweb Inc (NASDAQ:AUTO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.77 and last traded at $4.77, with a volume of 953 shares traded. The stock had previously closed at $4.45.
A number of analysts recently weighed in on the stock. B. Riley upgraded shares of Autoweb from a “neutral” rating to a “buy” rating and upped their target price for the stock from $3.20 to $5.00 in a research note on Friday, March 8th. ValuEngine lowered shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, Zacks Investment Research lowered shares of 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 given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.50.
The company has a market capitalization of $62.33 million, a price-to-earnings ratio of -4.36 and a beta of 0.11.
Autoweb (NASDAQ:AUTO) last released its earnings results on Thursday, March 7th. The information services provider reported ($0.28) earnings per share for the quarter, topping 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 firm had revenue of $32.25 million for the quarter, compared to analyst estimates of $29.27 million. As a group, equities analysts forecast that Autoweb Inc will post -0.9 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Autoweb stock. Bank of New York Mellon Corp raised its stake in Autoweb Inc (NASDAQ:AUTO) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,454 shares of the information services provider’s stock after purchasing an additional 11,634 shares during the period. Bank of New York Mellon Corp owned 0.59% of Autoweb worth $233,000 as of its most recent SEC filing. 23.04% of the stock is currently owned by hedge funds and other institutional investors.
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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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