Somewhat Positive News Coverage Somewhat Unlikely to Impact Autoweb (AUTO) Stock Price

Headlines about Autoweb (NASDAQ:AUTO) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Autoweb earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the information services provider an impact score of 44.1623015155665 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Autoweb (NASDAQ:AUTO) opened at $8.83 on Friday. Autoweb has a one year low of $6.63 and a one year high of $14.79. The stock has a market cap of $119.51, a price-to-earnings ratio of 13.27 and a beta of 1.07. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.07.

Autoweb (NASDAQ:AUTO) last announced its quarterly earnings data on Thursday, November 2nd. The information services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Autoweb had a net margin of 1.51% and a return on equity of 7.47%. The company had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $36.84 million. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue was down 12.6% on a year-over-year basis. sell-side analysts forecast that Autoweb will post 0.49 earnings per share for the current year.

AUTO has been the subject of a number of recent research reports. ValuEngine cut shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Autoweb from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Wednesday, November 8th. B. Riley restated a “buy” rating and issued a $12.00 price objective on shares of Autoweb in a research note on Friday, November 3rd. TheStreet cut shares of Autoweb from a “c” rating to a “d+” rating in a research note on Monday, October 9th. Finally, Barrington Research upgraded shares of Autoweb from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Autoweb currently has a consensus rating of “Buy” and a consensus price target of $10.25.

In related news, EVP Kimberly Boren sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $9.22, for a total transaction of $92,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey H. Coats sold 19,590 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $8.62, for a total transaction of $168,865.80. The disclosure for this sale can be found here. Corporate insiders own 20.73% of the company’s stock.

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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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