Autobytel Inc. (ABTL) Trading Up 7.3%
Autobytel Inc. (NASDAQ:ABTL)’s share price was up 7.3% during trading on Friday . The company traded as high as $14.66 and last traded at $14.59, with a volume of 124,978 shares traded. The stock had previously closed at $13.60.
A number of equities analysts recently commented on ABTL shares. Ascendiant Capital Markets increased their price objective on Autobytel from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, March 11th. B. Riley restated a “buy” rating and issued a $29.00 price objective on shares of Autobytel in a report on Monday, March 14th. Finally, Zacks Investment Research downgraded Autobytel from a “hold” rating to a “sell” rating in a report on Thursday, March 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Autobytel presently has a consensus rating of “Buy” and a consensus target price of $25.75.
The stock has a 50 day moving average price of $13.93 and a 200 day moving average price of $16.75. The company has a market capitalization of $156.34 million and a PE ratio of 55.84.
Autobytel (NASDAQ:ABTL) last posted its earnings results on Thursday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. The firm earned $36.20 million during the quarter, compared to the consensus estimate of $34.71 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. Equities analysts forecast that Autobytel Inc. will post $1.40 EPS for the current fiscal year.
In related news, Director Michael A. Carpenter bought 4,000 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were bought at an average price of $12.60 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the director now directly owns 14,000 shares of the company’s stock, valued at $176,400. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Several hedge funds and institutional investors recently bought and sold shares of ABTL. Oxford Asset Management bought a new position in Autobytel during the fourth quarter worth $1,678,000. Turner Investments L.P. raised its position in Autobytel by 330.0% in the fourth quarter. Turner Investments L.P. now owns 86,000 shares of the company’s stock worth $1,940,000 after buying an additional 66,000 shares in the last quarter. EAM Investors LLC raised its position in Autobytel by 101.9% in the fourth quarter. EAM Investors LLC now owns 372,965 shares of the company’s stock worth $8,414,000 after buying an additional 188,214 shares in the last quarter. Finally, Russell Frank Co raised its position in Autobytel by 34.8% in the fourth quarter. Russell Frank Co now owns 488,727 shares of the company’s stock worth $10,810,000 after buying an additional 126,201 shares in the last quarter.
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell 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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