Autobytel Inc. (ABTL) Trading 4.3% Higher
Autobytel Inc. (NASDAQ:ABTL)’s share price traded up 4.3% during mid-day trading on Wednesday . The company traded as high as $15.11 and last traded at $15.09, with a volume of 77,601 shares traded. The stock had previously closed at $14.47.
A number of equities analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $28.00 target price on shares of Autobytel in a report on Friday, May 6th. Zacks Investment Research raised Autobytel from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.75.
The company’s 50 day moving average is $14.15 and its 200 day moving average is $16.35. The firm has a market cap of $161.25 million and a P/E ratio of 57.60.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The company earned $36.20 million during the quarter, compared to the consensus estimate of $34.71 million. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Equities research analysts forecast that Autobytel Inc. will post $1.40 earnings per share for the current year.
In other Autobytel news, Director Michael A. Carpenter acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was bought at an average price of $12.60 per share, with a total value of $50,400.00. Following the completion of the purchase, the director now owns 14,000 shares of the company’s stock, valued at $176,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in Autobytel stock. Turner Investments L.P. raised its stake in shares of Autobytel Inc. (NASDAQ:ABTL) by 330.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,000 shares of the company’s stock after buying an additional 66,000 shares during the period. Turner Investments L.P. owned 0.82% of Autobytel worth $1,940,000 at the end of the most recent reporting period.
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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