Somewhat Favorable News Coverage Somewhat Unlikely to Affect Autoweb (AUTO) Stock Price
News headlines about Autoweb (NASDAQ:AUTO) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Autoweb earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the information services provider an impact score of 44.1666169548288 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Autoweb (AUTO) opened at $9.58 on Thursday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.07. Autoweb has a 12 month low of $6.63 and a 12 month high of $14.79. The firm has a market capitalization of $122.64, a P/E ratio of 56.35 and a beta of 1.07.
Autoweb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, November 2nd. The information services provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Autoweb had a return on equity of 7.47% and a net margin of 1.51%. The firm had revenue of $36.90 million for the quarter, compared to the consensus estimate of $36.84 million. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. research analysts anticipate that Autoweb will post 0.49 EPS for the current year.
AUTO has been the topic of a number of recent research reports. Barrington Research raised Autoweb from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Autoweb from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Wednesday, November 8th. TheStreet downgraded Autoweb from a “c” rating to a “d+” rating in a research note on Monday, October 9th. Finally, B. Riley restated a “buy” rating and issued a $12.00 price target on shares of Autoweb in a research note on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Autoweb currently has an average rating of “Buy” and an average target price of $11.00.
In related news, EVP Kimberly Boren sold 10,000 shares of Autoweb stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $9.22, for a total value of $92,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey H. Coats sold 19,590 shares of Autoweb stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $8.62, for a total value of $168,865.80. The disclosure for this sale can be found here. 20.73% of the stock is owned by insiders.
AutoWeb, Inc, formerly 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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