AutoWeb (NASDAQ:AUTO) Price Target Lowered to $1.25 at Ascendiant Capital Markets

AutoWeb (NASDAQ:AUTOGet Rating) had its price objective reduced by analysts at Ascendiant Capital Markets to $1.25 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage presently has a “na” rating on the information services provider’s stock. Ascendiant Capital Markets’ target price suggests a potential upside of 110.83% from the stock’s previous close.

Several other research firms have also commented on AUTO. Lake Street Capital reduced their price target on AutoWeb from $2.50 to $1.50 in a research report on Tuesday. assumed coverage on shares of AutoWeb in a research report on Friday, May 13th. They set a “hold” rating for the company. Finally, Barrington Research downgraded shares of AutoWeb from a “market perform” rating to an “underperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, AutoWeb has an average rating of “Hold” and an average target price of $3.00.

AutoWeb stock traded down $0.05 during midday trading on Thursday, hitting $0.59. 2,081 shares of the company’s stock were exchanged, compared to its average volume of 13,238. AutoWeb has a 12 month low of $0.64 and a 12 month high of $4.35. The company has a market cap of $8.33 million, a PE ratio of -0.77 and a beta of 2.08. The firm has a 50-day moving average of $2.34 and a two-hundred day moving average of $2.76.

AutoWeb (NASDAQ:AUTOGet Rating) last issued its quarterly earnings data on Monday, May 16th. The information services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). AutoWeb had a negative net margin of 14.11% and a negative return on equity of 68.38%.

A number of institutional investors have recently added to or reduced their stakes in AUTO. Two Sigma Securities LLC acquired a new stake in AutoWeb in the third quarter worth about $42,000. Geode Capital Management LLC boosted its stake in AutoWeb by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 68,506 shares of the information services provider’s stock worth $191,000 after purchasing an additional 3,379 shares in the last quarter. Essex Investment Management Co. LLC grew its position in AutoWeb by 25.4% during the 4th quarter. Essex Investment Management Co. LLC now owns 240,822 shares of the information services provider’s stock worth $819,000 after purchasing an additional 48,803 shares during the last quarter. Finally, Kokino LLC acquired a new position in AutoWeb during the 4th quarter valued at approximately $3,308,000. Institutional investors own 20.77% of the company’s stock.

AutoWeb Company Profile (Get Rating)

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 specific search parameters, such as price, make, model, mileage, year, and location of the vehicle.

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