Equities analysts expect Autoweb Inc (NASDAQ:AUTO) to announce $29.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Autoweb’s earnings, with the highest sales estimate coming in at $29.53 million and the lowest estimate coming in at $29.00 million. Autoweb posted sales of $33.32 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.2%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, March 14th.
On average, analysts expect that Autoweb will report full-year sales of $122.60 million for the current fiscal year, with estimates ranging from $122.34 million to $122.86 million. For the next year, analysts anticipate that the firm will report sales of $124.63 million, with estimates ranging from $124.45 million to $124.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Autoweb.
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A number of brokerages have issued reports on AUTO. B. Riley reduced their price objective on shares of Autoweb from $3.70 to $3.20 and set a “neutral” rating on the stock in a research report on Tuesday, November 13th. ValuEngine raised shares of Autoweb from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Zacks Investment Research downgraded shares of Autoweb from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Finally, Barrington Research reissued a “hold” rating on shares of Autoweb in a research report on Monday, November 5th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $4.60.
Autoweb stock traded up $0.10 during mid-day trading on Monday, reaching $3.49. 13,900 shares of the company traded hands, compared to its average volume of 28,531. The company has a market cap of $44.81 million, a P/E ratio of 12.03 and a beta of 0.13. Autoweb has a 52-week low of $1.90 and a 52-week high of $7.39.
In other Autoweb news, Director Matias De Tezanos bought 50,000 shares of Autoweb stock in a transaction dated Friday, December 7th. The shares were purchased at an average cost of $2.00 per share, with a total value of $100,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 30.60% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Autoweb stock. Bank of New York Mellon Corp increased its position in Autoweb Inc (NASDAQ:AUTO) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,454 shares of the information services provider’s stock after purchasing an additional 11,634 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of Autoweb worth $233,000 at the end of the most recent reporting period. Institutional investors own 30.11% of the company’s stock.
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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