Ridgewood Investments LLC increased its holdings in Autoweb Inc (NASDAQ:AUTO) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,615 shares of the information services provider’s stock after acquiring an additional 5,000 shares during the period. Ridgewood Investments LLC owned about 0.23% of Autoweb worth $73,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC raised its stake in shares of Autoweb by 5.3% during the 2nd quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock worth $1,447,000 after purchasing an additional 20,400 shares in the last quarter. 19.70% of the stock is currently owned by institutional investors and hedge funds.
AUTO opened at $2.51 on Thursday. Autoweb Inc has a fifty-two week low of $1.91 and a fifty-two week high of $5.00. The business has a 50-day moving average of $2.58 and a 200-day moving average of $2.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $32.99 million, a PE ratio of -2.28 and a beta of 0.16.
Autoweb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, November 7th. The information services provider reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.02. Autoweb had a negative return on equity of 49.28% and a negative net margin of 14.50%. The company had revenue of $28.55 million during the quarter, compared to the consensus estimate of $29.40 million. On average, equities research analysts expect that Autoweb Inc will post -0.63 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on AUTO shares. ValuEngine raised Autoweb from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Barrington Research reaffirmed a “hold” rating on shares of Autoweb in a research note on Tuesday, November 5th. Finally, Zacks Investment Research downgraded Autoweb from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th.
Autoweb Company Profile
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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