Wall Street brokerages forecast that Autoweb Inc (NASDAQ:AUTO) will report $0.16 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Autoweb’s earnings. Autoweb reported earnings of $0.26 per share in the same quarter last year, which indicates a negative year over year growth rate of 38.5%. The firm is expected to report its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Autoweb will report full-year earnings of $0.95 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Autoweb.
AUTO has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Barrington Research reaffirmed a “buy” rating on shares of Autoweb in a research note on Friday, March 2nd. B. Riley downgraded shares of Autoweb from a “buy” rating to a “neutral” rating and set a $4.90 price target on the stock. in a research note on Friday, March 9th. Finally, ValuEngine raised shares of Autoweb from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $7.45.
In other news, EVP Kimberly Boren sold 5,739 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $9.27, for a total value of $53,200.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AUTO. AXA acquired a new position in shares of Autoweb in the fourth quarter worth $129,000. Tocqueville Asset Management L.P. acquired a new position in shares of Autoweb in the fourth quarter worth $134,000. Bingham Osborn & Scarborough LLC acquired a new position in Autoweb during the fourth quarter worth $135,000. Acadian Asset Management LLC acquired a new position in Autoweb during the fourth quarter worth $141,000. Finally, Virtu Financial LLC acquired a new position in Autoweb during the fourth quarter worth $143,000. 50.29% of the stock is currently owned by institutional investors and hedge funds.
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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