Autobytel Inc. (ABTL) PT Raised to $28.00 at Barrington Research
Autobytel Inc. (NASDAQ:ABTL) had its price target upped by equities researchers at Barrington Research from $25.00 to $28.00 in a research report issued to clients and investors on Monday. The firm presently has an “outperform” rating on the stock. Barrington Research’s price objective points to a potential upside of 61.38% from the company’s previous close.
ABTL has been the subject of a number of other research reports. B. Riley reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Autobytel in a report on Tuesday, September 13th. Zacks Investment Research raised shares of Autobytel from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Wednesday, August 10th.
Shares of Autobytel (NASDAQ:ABTL) traded up 1.73% on Monday, hitting $17.65. 68,713 shares of the company were exchanged. Autobytel has a 52-week low of $12.33 and a 52-week high of $25.00. The stock has a market capitalization of $190.36 million, a PE ratio of 79.86 and a beta of 1.34. The firm’s 50-day moving average is $16.91 and its 200-day moving average is $15.79.
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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. Autobytel had a net margin of 1.85% and a return on equity of 12.16%. The company earned $36.10 million during the quarter, compared to analysts’ expectations of $34.24 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities research analysts predict that Autobytel will post $1.40 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Autobytel by 35.9% in the first quarter. Geode Capital Management LLC now owns 69,339 shares of the company’s stock worth $1,203,000 after buying an additional 18,312 shares in the last quarter. Adirondack Research & Management Inc. boosted its stake in Autobytel by 3.0% in the first quarter. Adirondack Research & Management Inc. now owns 118,885 shares of the company’s stock worth $2,064,000 after buying an additional 3,425 shares in the last quarter. Barclays PLC boosted its stake in Autobytel by 2.2% in the first quarter. Barclays PLC now owns 24,897 shares of the company’s stock worth $423,000 after buying an additional 525 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in Autobytel by 4.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 512,417 shares of the company’s stock worth $7,107,000 after buying an additional 20,423 shares in the last quarter. Finally, California State Teachers Retirement System bought a new stake in Autobytel during the second quarter worth approximately $253,000. 66.48% of the stock is owned by institutional investors and hedge funds.
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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