Autobytel Given New $15.00 Price Target at Roth Capital (ABTL)
Analysts at Roth Capital lifted their price target on shares of Autobytel (NASDAQ:ABTL) from $10.50 to $15.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. Roth Capital’s price target points to a potential downside of 8.81% from the company’s current price.
Autobytel (NASDAQ:ABTL) traded up 20.78% during mid-day trading on Tuesday, hitting $16.45. 697,868 shares of the company’s stock traded hands. Autobytel has a one year low of $3.92 and a one year high of $16.60. The stock has a 50-day moving average of $13.53 and a 200-day moving average of $8.66. The company has a market cap of $146.6 million and a price-to-earnings ratio of 53.83.
A number of other firms have also recently commented on ABTL. Analysts at B. Riley raised their price target on shares of Autobytel from $10.00 to $18.50 in a research note to investors on Tuesday, December 24th. Separately, analysts at Ascendiant Capital Markets raised their price target on shares of Autobytel from $10.00 to $15.00 in a research note to investors on Tuesday, November 26th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $14.05.
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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