Autobytel’s (AUTO) Buy Rating Reaffirmed at B. Riley
Autobytel Inc. (NASDAQ:AUTO)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued on Friday. They currently have a $12.00 price objective on the information services provider’s stock. B. Riley’s target price would suggest a potential upside of 60.00% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. ValuEngine upgraded shares of Autobytel from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Barrington Research lowered shares of Autobytel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. Finally, TheStreet lowered shares of Autobytel from a “c” rating to a “d+” rating in a research note on Monday, October 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.
Shares of Autobytel (NASDAQ:AUTO) traded up $0.55 during trading on Friday, reaching $7.50. 185,339 shares of the company’s stock traded hands, compared to its average volume of 65,021. The stock has a market capitalization of $98.12, a price-to-earnings ratio of 10.87 and a beta of 1.01. Autobytel has a one year low of $6.63 and a one year high of $15.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.22 and a quick ratio of 3.22.
Autobytel (NASDAQ:AUTO) last announced its quarterly earnings results on Thursday, November 2nd. The information services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The company had revenue of $36.90 million for the quarter, compared to analyst estimates of $36.84 million. Autobytel had a net margin of 1.51% and a return on equity of 7.53%. The firm’s revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. sell-side analysts predict that Autobytel will post 0.48 earnings per share for the current year.
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Autobytel Company Profile
AutoWeb, Inc, formerly 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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