Shares of Autobytel Inc. (NASDAQ:ABTL) fell 3.1% during trading on Wednesday . The company traded as low as $14.87 and last traded at $15.08, with a volume of 53,335 shares traded. The stock had previously closed at $15.56.

A number of brokerages have commented on ABTL. Zacks Investment Research upgraded Autobytel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 6th. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of Autobytel in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Autobytel presently has an average rating of “Buy” and an average price target of $25.75.

The stock has a 50-day moving average price of $14.11 and a 200 day moving average price of $16.58. The company has a market capitalization of $159.97 million and a price-to-earnings ratio of 57.14.

Autobytel (NASDAQ:ABTL) last released its earnings results on Thursday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. The company earned $36.20 million during the quarter, compared to analyst estimates of $34.71 million. The business’s revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities analysts predict that Autobytel Inc. will post $1.40 earnings per share for the current year.

In other Autobytel news, Director Michael A. Carpenter purchased 4,000 shares of the stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of $12.60 per share, with a total value of $50,400.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at $176,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other institutional investors have made changes to their positions in the company. Russell Frank Co increased its position in shares of 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 during the period. EAM Investors LLC increased its position in shares of 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 during the period. Turner Investments L.P. increased its position in shares of 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 during the period. Finally, Oxford Asset Management acquired a new position in shares of Autobytel during the fourth quarter worth $1,678,000.

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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