Insider Selling: Autobytel Inc. (ABTL) SVP Sells 2,500 Shares of Stock
Autobytel Inc. (NASDAQ:ABTL) SVP Wesley Ozima sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $13.31, for a total transaction of $33,275.00. Following the sale, the senior vice president now owns 7,557 shares in the company, valued at approximately $100,583.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Autobytel Inc. (NASDAQ:ABTL) traded down 1.16% during midday trading on Friday, reaching $12.73. 75,605 shares of the company traded hands. The company has a market capitalization of $140.93 million, a PE ratio of 35.46 and a beta of 1.25. The company has a 50 day moving average price of $12.62 and a 200 day moving average price of $13.11. Autobytel Inc. has a 1-year low of $10.72 and a 1-year high of $18.39.
Autobytel (NASDAQ:ABTL) last released its earnings results on Thursday, May 4th. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The company had revenue of $37.34 million for the quarter, compared to the consensus estimate of $35.05 million. Autobytel had a net margin of 2.54% and a return on equity of 12.15%. Autobytel’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, analysts expect that Autobytel Inc. will post $1.26 earnings per share for the current year.
A number of research firms have recently commented on ABTL. B. Riley reiterated a “buy” rating and set a $20.00 price target on shares of Autobytel in a report on Wednesday, March 22nd. Zacks Investment Research upgraded shares of Autobytel from a “sell” rating to a “hold” rating and set a $14.00 target price on the stock in a report on Wednesday, May 10th.
A number of hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Autobytel by 89.5% in the first quarter. Goldman Sachs Group Inc. now owns 47,384 shares of the information services provider’s stock valued at $594,000 after buying an additional 22,375 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in Autobytel during the first quarter valued at $130,000. Lyon Street Capital LLC increased its stake in Autobytel by 3.7% in the first quarter. Lyon Street Capital LLC now owns 519,602 shares of the information services provider’s stock valued at $6,511,000 after buying an additional 18,600 shares in the last quarter. First Wilshire Securities Management Inc. increased its stake in Autobytel by 348.0% in the first quarter. First Wilshire Securities Management Inc. now owns 97,514 shares of the information services provider’s stock valued at $1,222,000 after buying an additional 75,747 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Autobytel by 70.1% in the first quarter. Renaissance Technologies LLC now owns 94,400 shares of the information services provider’s stock valued at $1,183,000 after buying an additional 38,900 shares in the last quarter. 68.10% of the stock is currently owned by institutional investors.
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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