Autobytel Inc. (ABTL) PT Raised to $28.00 at Barrington Research
Autobytel Inc. (NASDAQ:ABTL) had its price objective increased by research analysts at Barrington Research from $25.00 to $28.00 in a note issued to investors on Monday. The firm presently has an “outperform” rating on the stock. Barrington Research’s price objective suggests a potential upside of 61.38% from the company’s current price.
A number of other brokerages have also commented on ABTL. Zacks Investment Research lowered shares of Autobytel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. B. Riley reiterated a “buy” rating and issued a $28.00 price target on shares of Autobytel in a research note on Wednesday, August 10th.
Autobytel (NASDAQ:ABTL) traded up 1.79% on Monday, reaching $17.66. 71,006 shares of the company’s stock were exchanged. Autobytel has a 52-week low of $12.33 and a 52-week high of $25.00. The firm’s 50 day moving average price is $16.91 and its 200 day moving average price is $15.79. The company has a market cap of $190.46 million, a PE ratio of 79.91 and a beta of 1.34.
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Autobytel (NASDAQ:ABTL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business earned $36.10 million during the quarter, compared to analyst estimates of $34.24 million. Autobytel had a net margin of 1.85% and a return on equity of 12.16%. Autobytel’s revenue was up 18.8% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. On average, analysts expect that Autobytel will post $1.40 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of ABTL. B. Riley Financial Inc. increased its position in Autobytel by 33.9% in the second quarter. B. Riley Financial Inc. now owns 15,052 shares of the company’s stock worth $209,000 after buying an additional 3,811 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Autobytel during the second quarter worth about $6,608,000. Thompson Davis & CO. Inc. increased its position in Autobytel by 97.5% in the second quarter. Thompson Davis & CO. Inc. now owns 11,354 shares of the company’s stock worth $157,000 after buying an additional 5,605 shares during the last quarter. Oxford Asset Management increased its position in Autobytel by 154.5% in the second quarter. Oxford Asset Management now owns 172,415 shares of the company’s stock worth $2,391,000 after buying an additional 104,677 shares during the last quarter. Finally, Stanley Laman Group Ltd. acquired a new position in Autobytel during the second quarter worth about $145,000. 66.48% of the stock is currently owned by institutional investors.
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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