Autoweb Inc (NASDAQ:AUTO) EVP Acquires $24,990.00 in Stock

Autoweb Inc (NASDAQ:AUTO) EVP Daniel R. Ingle bought 7,140 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $3.50 per share, with a total value of $24,990.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Autoweb stock opened at $3.54 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.64 and a current ratio of 1.64. Autoweb Inc has a 12 month low of $1.90 and a 12 month high of $5.00. The firm has a market cap of $46.55 million, a PE ratio of -3.22 and a beta of 0.02.

Autoweb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, May 9th. The information services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.01. Autoweb had a negative net margin of 27.15% and a negative return on equity of 40.01%. The business had revenue of $31.60 million for the quarter, compared to analysts’ expectations of $32.17 million. As a group, equities analysts expect that Autoweb Inc will post -0.52 earnings per share for the current fiscal year.

Several analysts have issued reports on AUTO shares. ValuEngine downgraded shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. B. Riley upgraded shares of Autoweb from a “neutral” rating to a “buy” rating and boosted their price target for the company from $3.20 to $5.00 in a report on Friday, March 8th. Zacks Investment Research cut shares of Autoweb from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Finally, Barrington Research restated a “hold” rating on shares of Autoweb in a report on Monday, May 6th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Autoweb by 10.0% during the first quarter. Renaissance Technologies LLC now owns 387,190 shares of the information services provider’s stock worth $1,464,000 after buying an additional 35,200 shares during the last quarter. BlackRock Inc. raised its stake in Autoweb by 29.6% in the fourth quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock valued at $925,000 after purchasing an additional 69,364 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Autoweb by 17.9% during the fourth quarter. Bank of New York Mellon Corp now owns 76,454 shares of the information services provider’s stock worth $233,000 after acquiring an additional 11,634 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Autoweb in the first quarter worth $45,000. 20.14% of the stock is owned by institutional investors and hedge funds.

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About Autoweb

AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.

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