Autoweb (NASDAQ:AUTO) Receives “Underperform” Rating from Credit Suisse Group

Autoweb (NASDAQ:AUTO)‘s stock had its “underperform” rating reissued by Credit Suisse Group in a note issued to investors on Thursday, Stock Target Advisor reports.

Several other analysts also recently commented on AUTO. ValuEngine downgraded shares of Autoweb from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Zacks Investment Research upgraded shares of Autoweb from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.25.

AUTO stock opened at $2.53 on Thursday. The company has a fifty day moving average price of $2.67 and a 200 day moving average price of $3.15. Autoweb has a 12 month low of $1.90 and a 12 month high of $5.00. The company has a market cap of $34.58 million, a price-to-earnings ratio of -2.30 and a beta of 0.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 1.45.

Autoweb (NASDAQ:AUTO) last released its quarterly earnings results on Wednesday, August 7th. The information services provider reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.20). Autoweb had a negative net margin of 27.41% and a negative return on equity of 51.92%. The business had revenue of $27.14 million during the quarter, compared to analysts’ expectations of $27.71 million. As a group, analysts anticipate that Autoweb will post -0.6 earnings per share for the current year.

In other Autoweb news, Director Matias De Tezanos purchased 50,000 shares of Autoweb stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $2.31 per share, for a total transaction of $115,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 38.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AUTO. Ridgewood Investments LLC raised its position in Autoweb by 33.3% in the 2nd quarter. Ridgewood Investments LLC now owns 16,000 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 4,000 shares during the last quarter. Vanguard Group Inc. raised its position in Autoweb by 28.1% in the 2nd quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock valued at $881,000 after purchasing an additional 54,377 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Autoweb by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock worth $1,447,000 after buying an additional 20,400 shares during the last quarter. Hedge funds and other institutional investors own 19.67% of the company’s stock.

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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