Autoweb Inc (AUTO) Lowered to “D+” at TheStreet

TheStreet lowered shares of Autoweb Inc (NASDAQ:AUTO) from a c rating to a d+ rating in a research note published on Monday.

Several other analysts also recently commented on the company. Zacks Investment Research downgraded Autoweb from a buy rating to a hold rating in a research note on Monday, July 10th. Barrington Research downgraded Autoweb from an outperform rating to a market perform rating in a research note on Friday, August 4th. ValuEngine upgraded Autoweb from a hold rating to a buy rating in a research note on Thursday, July 6th. Finally, B. Riley reiterated a buy rating and set a $12.00 price target on shares of Autoweb in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Autoweb has an average rating of Hold and a consensus target price of $12.00.

Autoweb (NASDAQ:AUTO) opened at 7.67 on Monday. The stock’s 50 day moving average price is $7.50 and its 200 day moving average price is $10.86. Autoweb has a 52-week low of $6.63 and a 52-week high of $17.85.

Autoweb (NASDAQ:AUTO) last issued its earnings results on Thursday, August 3rd. The information services provider reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $34.60 million during the quarter, compared to the consensus estimate of $34.30 million. Autoweb had a return on equity of 1.00% and a net margin of 0.93%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS.

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About Autoweb

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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