Two Sigma Investments LP purchased a new stake in AutoWeb (NASDAQ:AUTO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 107,235 shares of the information services provider’s stock, valued at approximately $966,000. Two Sigma Investments LP owned approximately 0.82% of AutoWeb as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in AUTO. AXA acquired a new stake in AutoWeb during the fourth quarter worth about $129,000. Tocqueville Asset Management L.P. acquired a new stake in AutoWeb during the fourth quarter worth about $134,000. Bingham Osborn & Scarborough LLC acquired a new stake in AutoWeb during the fourth quarter worth about $135,000. Acadian Asset Management LLC acquired a new stake in AutoWeb during the fourth quarter worth about $141,000. Finally, Virtu Financial LLC acquired a new stake in AutoWeb during the fourth quarter worth about $143,000. Institutional investors and hedge funds own 50.18% of the company’s stock.
A number of equities research analysts have issued reports on AUTO shares. ValuEngine upgraded shares of AutoWeb from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Zacks Investment Research upgraded shares of AutoWeb from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, December 29th. Barrington Research reiterated a “buy” rating on shares of AutoWeb in a research note on Friday, March 2nd. Lake Street Capital set a $6.00 price objective on shares of AutoWeb and gave the stock a “buy” rating in a research note on Monday, March 19th. Finally, TheStreet downgraded shares of AutoWeb from a “c-” rating to a “d” rating in a research note on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.97.
AUTO opened at $3.46 on Monday. AutoWeb has a 1-year low of $2.88 and a 1-year high of $14.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.16 and a current ratio of 3.16. The company has a market capitalization of $45.24, a PE ratio of 11.16 and a beta of 1.57.
AutoWeb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, March 8th. The information services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.17). The company had revenue of $33.32 million during the quarter, compared to analyst estimates of $35.35 million. AutoWeb had a negative net margin of 45.71% and a positive return on equity of 3.95%. analysts expect that AutoWeb will post -0.13 earnings per share for the current year.
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AutoWeb Company Profile
AutoWeb, Inc operates as an automotive marketing services company 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, as well as finance leads program, which provides vehicle financing and other services from dealers or financial institutions.
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