Autobytel Inc. (ABTL) Stock Rating Reaffirmed by B. Riley
Autobytel Inc. (NASDAQ:ABTL)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a report issued on Wednesday. They presently have a $20.00 target price on the stock. B. Riley’s target price suggests a potential upside of 53.96% from the company’s current price.
ABTL has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Autobytel from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 4th. Barrington Research increased their price target on shares of Autobytel from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, October 10th.
Shares of Autobytel (NASDAQ:ABTL) traded down 2.70% during trading on Wednesday, hitting $12.99. The stock had a trading volume of 80,389 shares. Autobytel has a 52 week low of $10.72 and a 52 week high of $21.40. The company has a market capitalization of $142.40 million, a price-to-earnings ratio of 47.41 and a beta of 1.40. The company’s 50 day moving average price is $13.83 and its 200 day moving average price is $15.32.
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Autobytel (NASDAQ:ABTL) last announced its earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Autobytel had a net margin of 2.54% and a return on equity of 12.15%. The business earned $43.91 million during the quarter, compared to the consensus estimate of $41.39 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts predict that Autobytel will post $1.24 earnings per share for the current year.
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In related news, insider Jeffrey H. Coats sold 22,992 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $13.20, for a total value of $303,494.40. Following the sale, the insider now owns 21,948 shares in the company, valued at $289,713.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey H. Coats sold 8,279 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $13.20, for a total transaction of $109,282.80. Following the completion of the sale, the chief executive officer now owns 21,948 shares in the company, valued at approximately $289,713.60. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Allianz Asset Management AG boosted its stake in shares of Autobytel by 67.5% in the fourth quarter. Allianz Asset Management AG now owns 579,859 shares of the company’s stock valued at $13,082,000 after buying an additional 233,598 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Autobytel by 4.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 512,417 shares of the company’s stock valued at $7,107,000 after buying an additional 20,423 shares in the last quarter. Thomson Horstmann & Bryant boosted its stake in shares of Autobytel by 5.6% in the fourth quarter. Thomson Horstmann & Bryant now owns 501,595 shares of the company’s stock valued at $11,315,000 after buying an additional 26,759 shares in the last quarter. Russell Frank Co boosted its stake in shares of Autobytel by 34.8% in the fourth quarter. Russell Frank Co now owns 488,727 shares of the company’s stock valued at $10,810,000 after buying an additional 126,201 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Autobytel during the second quarter valued at about $6,608,000. Institutional investors own 65.57% of the company’s stock.
Autobytel Company Profile
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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