Autobytel Rating Reiterated by B. Riley (ABTL)
Autobytel (NASDAQ:ABTL)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research note issued to investors on Friday. They currently have a $19.00 price target on the stock, down from their previous price target of $21.00. B. Riley’s price target would suggest a potential upside of 73.36% from the company’s current price.
Shares of Autobytel (NASDAQ:ABTL) traded down 27.01% on Friday, hitting $8.00. The stock had a trading volume of 925,159 shares. Autobytel has a one year low of $5.36 and a one year high of $18.82. The stock has a 50-day moving average of $12.54 and a 200-day moving average of $13.63. The company has a market cap of $71.9 million and a P/E ratio of 3.12.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $25.91 million for the quarter, compared to the consensus estimate of $27.02 million. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. Analysts expect that Autobytel will post $0.30 EPS for the current fiscal year.
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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