Headlines about Autobytel (NASDAQ:ABTL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing 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. Autobytel earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 46.0250499476132 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts recently issued reports on ABTL shares. Zacks Investment Research cut Autobytel from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine cut Autobytel from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Barrington Research cut Autobytel from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. Finally, B. Riley reiterated a “buy” rating and issued a $12.00 target price on shares of Autobytel in a report on Wednesday, August 9th.
Shares of Autobytel (NASDAQ ABTL) traded up 0.77% during trading on Friday, reaching $7.81. The company’s stock had a trading volume of 96,767 shares. The firm has a market cap of $100.50 million, a P/E ratio of 23.60 and a beta of 0.90. Autobytel has a one year low of $6.63 and a one year high of $18.32. The stock’s 50 day moving average is $10.16 and its 200 day moving average is $12.11.
Autobytel (NASDAQ:ABTL) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. Autobytel had a return on equity of 10.96% and a net margin of 3.15%. The business had revenue of $34.60 million for the quarter, compared to the consensus estimate of $34.30 million. During the same period last year, the business posted $0.24 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Autobytel will post $0.78 EPS for the current fiscal year.
In other news, EVP John Steerman sold 5,597 shares of Autobytel stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $12.74, for a total value of $71,305.78. Following the transaction, the executive vice president now directly owns 12,457 shares in the company, valued at approximately $158,702.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John J. Skocilic, Jr. sold 4,774 shares of Autobytel stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $12.66, for a total value of $60,438.84. Following the completion of the transaction, the executive vice president now owns 11,083 shares in the company, valued at $140,310.78. The disclosure for this sale can be found here. Company insiders own 12.80% of the company’s stock.
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About Autobytel
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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