Barrington Research downgraded shares of Autobytel Inc. (NASDAQ:ABTL) from an outperform rating to a market perform rating in a research report report published on Friday, Marketbeat Ratings reports.

A number of other equities analysts have also issued reports on the stock. B. Riley reissued a buy rating and set a $12.00 price target on shares of Autobytel in a research report on Friday. Zacks Investment Research lowered shares of Autobytel from a buy rating to a hold rating in a research report on Monday, July 10th. Finally, ValuEngine raised shares of Autobytel from a hold rating to a buy rating in a research report on Thursday, July 6th.

Shares of Autobytel (ABTL) opened at 8.00 on Friday. The stock has a market capitalization of $88.57 million, a PE ratio of 22.28 and a beta of 0.90. The firm’s 50-day moving average is $12.37 and its 200-day moving average is $12.74. Autobytel has a one year low of $6.63 and a one year high of $18.39.

Autobytel (NASDAQ:ABTL) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The company had revenue of $34.60 million during the quarter, compared to analyst estimates of $34.30 million. During the same period last year, the firm posted $0.24 EPS. Autobytel’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect that Autobytel will post $0.78 earnings per share for the current fiscal year.

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In other news, EVP John Steerman sold 5,597 shares of Autobytel stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $12.74, for a total transaction of $71,305.78. Following the completion of the transaction, the executive vice president now directly owns 12,457 shares of the company’s stock, valued at approximately $158,702.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John J. Skocilic, Jr. sold 4,774 shares of Autobytel stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $12.66, for a total transaction of $60,438.84. Following the transaction, the executive vice president now directly owns 11,083 shares of the company’s stock, valued at $140,310.78. The disclosure for this sale can be found here. Insiders have sold a total of 80,778 shares of company stock valued at $1,060,935 over the last three months. 12.80% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. purchased a new position in Autobytel during the first quarter valued at $931,000. Acrospire Investment Management LLC raised its position in Autobytel by 8.1% in the first quarter. Acrospire Investment Management LLC now owns 17,699 shares of the information services provider’s stock valued at $222,000 after buying an additional 1,320 shares during the period. Bank of New York Mellon Corp raised its position in Autobytel by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 64,445 shares of the information services provider’s stock valued at $808,000 after buying an additional 2,112 shares during the period. Algert Global LLC raised its position in Autobytel by 9.0% in the first quarter. Algert Global LLC now owns 127,926 shares of the information services provider’s stock valued at $1,603,000 after buying an additional 10,550 shares during the period. Finally, LSV Asset Management purchased a new position in Autobytel during the first quarter valued at $260,000. 65.28% of the stock is owned by hedge funds and other institutional investors.

Autobytel Company Profile

Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used 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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