Autoweb (NASDAQ:AUTO) posted its quarterly earnings results on Thursday. The information services provider reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.02, Fidelity Earnings reports. Autoweb had a negative net margin of 27.41% and a negative return on equity of 51.92%. The firm had revenue of $28.55 million for the quarter, compared to the consensus estimate of $29.40 million.
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Shares of Autoweb stock traded up $0.08 on Friday, reaching $2.52. 8,300 shares of the stock were exchanged, compared to its average volume of 25,333. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. Autoweb has a twelve month low of $1.90 and a twelve month high of $5.00. The firm has a market capitalization of $32.34 million, a price-to-earnings ratio of -2.29 and a beta of 0.19. The business has a 50 day moving average price of $2.66 and a two-hundred day moving average price of $3.05.
A number of brokerages recently issued reports on AUTO. Barrington Research reiterated a “hold” rating on shares of Autoweb in a research note on Tuesday, November 5th. Deutsche Bank reaffirmed a “hold” rating on shares of Autoweb in a research report on Friday. Credit Suisse Group reissued an “underperform” rating on shares of Autoweb in a report on Thursday, October 17th. Liberum Capital restated a “buy” rating on shares of Autoweb in a research note on Wednesday. Finally, UBS Group reiterated a “sell” rating on shares of Autoweb in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.25.
In related news, Director Matias De Tezanos acquired 50,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $2.31 per share, with a total value of $115,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 38.40% of the stock is currently owned by insiders.
AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.
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