Autoweb (NASDAQ:AUTO) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research downgraded shares of Autoweb (NASDAQ:AUTO) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “AutoWeb, Inc. provides consumer leads and associated marketing services primarily to automotive dealers and manufacturers throughout the United States. It also provides consumers with robust and original online automotive content. AutoWeb Inc., formerly known as Autobytel Inc., is headquartered in Irvine, CA. “

Several other equities research analysts also recently issued reports on the company. Barrington Research dropped their price objective on CBS from $72.00 to $60.00 and set an outperform rating on the stock in a report on Monday, May 6th. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Monday, April 1st.

Shares of NASDAQ:AUTO opened at $3.51 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.08. Autoweb has a one year low of $1.90 and a one year high of $5.00. The company’s 50-day moving average is $3.55.

Autoweb (NASDAQ:AUTO) last posted its quarterly earnings data on Thursday, May 9th. The information services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.01. Autoweb had a negative return on equity of 40.01% and a negative net margin of 27.15%. The company had revenue of $31.60 million for the quarter, compared to the consensus estimate of $32.17 million. On average, equities analysts forecast that Autoweb will post -0.52 earnings per share for the current year.

In other Autoweb news, SVP Wesley Ozima sold 7,500 shares of Autoweb stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $3.63, for a total transaction of $27,225.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 38.40% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of Autoweb by 17.9% in the 4th quarter. Bank of New York Mellon Corp now owns 76,454 shares of the information services provider’s stock worth $233,000 after acquiring an additional 11,634 shares in the last quarter. BlackRock Inc. grew its position in shares of Autoweb by 29.6% in the 4th quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock worth $925,000 after acquiring an additional 69,364 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Autoweb in the 1st quarter worth approximately $45,000. Institutional investors own 20.14% of the company’s stock.

About Autoweb

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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