Autobytel Now Covered by Lake Street Capital (ABTL)
Lake Street Capital started coverage on shares of Autobytel (NASDAQ:ABTL) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on ABTL. Analysts at B. Riley raised their price target on shares of Autobytel from $7.00 to $8.50 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Autobytel from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $7.70 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Autobytel from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Autobytel has an average rating of “Buy” and a consensus price target of $7.43.
Autobytel (NASDAQ:ABTL) opened at 7.59 on Wednesday. Autobytel has a 52-week low of $3.75 and a 52-week high of $7.88. The stock has a 50-day moving average of $7.1 and a 200-day moving average of $5.45. The company has a market cap of $67.6 million and a P/E ratio of 41.93.
Autobytel Inc (NASDAQ:ABTL) is an automotive marketing services company that helps automotive retail dealers (Dealers) and automotive manufacturers (Manufacturers) market and sell new and used vehicles through its Internet lead referral and online advertising programs.
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