Insider Market Move: What after Jeffrey Coats’s Insider Sale of Autobytel Inc. (NASDAQ:ABTL) Stock?

November 23, 2016 - By Dolores Ford

Insider Market Move: What after Jeffrey Coats's Insider Sale of Autobytel Inc. (NASDAQ:ABTL) Stock?

Jeffrey Coats Insider Sell

Insider sale totalling around $128,700 USD was disclosed online in a public document submitted to the SEC on November 22, 2016. According to which, Jeffrey Coats, the PRESIDENT AND CEO of Autobytel Inc also an insider of the firm had unloaded precisely 9,498 shares – ( at $13.6 per every share ). The probability of this trade staying undiscovered is super low because it’s new, with Jeffrey Coats now holding 13,669 shares — that is 0.13% of the company’s market cap.

Autobytel Inc. (NASDAQ:ABTL) Ratings Coverage

Out of 4 analysts covering Autobytel (NASDAQ:ABTL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $29 is the highest target while $25 is the lowest. The $27.75 average target is 110.23% above today’s ($13.2) stock price. Autobytel has been the topic of 4 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Lake Street maintained the stock with “Buy” rating in Friday, October 2 report. As per Friday, March 11, the company rating was maintained by Ascendiant Capital. The rating was maintained by with “Outperform” on Monday, October 10.

Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.75, from 0.77 in 2016Q1. The ratio is positive, as 24 funds sold all Autobytel Inc. shares owned while 23 reduced positions. 15 funds bought stakes while 21 increased positions. They now own 6.29 million shares or 1.93% less from 6.42 million shares in 2016Q1.

Bankshares Of America De accumulated 165 shares or 0% of the stock. Numeric Investors Limited Co holds 82,095 shares or 0.01% of its portfolio. Axa has 0% invested in the company for 28,800 shares. Millennium Mgmt Lc reported 34,197 shares or 0% of all its holdings. Fuller & Thaler Asset Inc has 0.03% invested in the company for 138,261 shares. Rice Hall James Assoc Limited Company holds 0.01% or 15,426 shares in its portfolio. Sabal Trust owns 25,765 shares or 0.04% of their US portfolio. Walleye Trading Limited Liability Company has invested 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). Oxford Asset Mgmt has invested 0.1% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). Citigroup last reported 0% of its portfolio in the stock. Manatuck Hill Ptnrs Lc has 60,000 shares for 0.37% of their US portfolio. Geode Cap Management Limited Liability Company has 0% invested in the company for 63,055 shares. Balyasny Asset Management Limited Company holds 14,392 shares or 0% of its portfolio. The California-based Wells Fargo And Mn has invested 0% in Autobytel Inc. (NASDAQ:ABTL). Bnp Paribas Arbitrage Sa has 345 shares for 0% of their US portfolio.

Insider Transactions: Since June 2, 2016, the stock had 1 buying transaction, and 0 selling transactions for $4,265 net activity. Another trade for 300 shares valued at $4,265 was made by Fuller Glenn Evan on Thursday, June 2.

The stock decreased 1.20% or $0.16 during the last trading session, hitting $13.2. About 48,878 shares traded hands. Autobytel Inc. (NASDAQ:ABTL) has declined 29.07% since April 21, 2016 and is downtrending. It has underperformed by 34.40% the S&P500.

Autobytel Inc. is an automotive marketing services firm that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to clients through the programs for online lead referrals, dealer marketing services and products, and online advertising programs and mobile products. The company has a market cap of $144.16 million. The Firm operates through providing automotive marketing services segment. It has a 53.18 P/E ratio. The Company’s consumer-facing automotive Websites, including Website Autobytel.com, provide clients with information and tools to aid them with the automotive purchase decisions and ability to submit inquiries requesting dealers to contact the clients regarding purchasing or leasing vehicles.

According to Zacks Investment Research, “Autobytel, Inc. is an internationally branded online automotive commerce company that provides consumers with automotive solutions throughout the lifecycle of vehicle ownership. The company owns Internet sites for new and pre-owned vehicle information and automotive services that link buyers and sellers in an information-rich environment. Through the company’s Web sites consumers can research pricing, specifications and other information regarding new and pre-owned vehicles and purchase, finance, lease, insure, sell or maintain their vehicles.”

More notable recent Autobytel Inc. (NASDAQ:ABTL) news were published by: Marketwatch.com which released: “Autobytel Inc.” on December 21, 2009, also Prnewswire.com with their article: “Autobytel Partners with Videology to Bring its Expansive In-Market Auto ..” published on November 17, 2016, Quotes.Wsj.com published: “Autobytel Inc. ABTL (US: Nasdaq)” on February 11, 2011. More interesting news about Autobytel Inc. (NASDAQ:ABTL) were released by: Ocbj.com and their article: “Autobytel Q2 Sales Up 19%” published on August 04, 2016 as well as Globenewswire.com‘s news article titled: “Autobytel to Conduct NADA Dealer Workshop on Digital Sales Strategies” with publication date: November 21, 2016.

ABTL Company Profile

Autobytel Inc. (Autobytel), incorporated on May 17, 1996, is an automotive marketing services firm that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to clients through the programs for online lead referrals (Leads), dealer marketing services and products, and online advertising programs and mobile products. The Firm operates through providing automotive marketing services segment. The Company’s consumer-facing automotive Websites, which include its Website Autobytel.com, provide clients with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the clients regarding purchasing or leasing vehicles. The Company’s AutoWeb pay-per-click advertising marketplace program uses technology to refer in-market consumer traffic to dealers and maker Websites. For clients not be able to secure loans through conventional lending sources, the Websites provide these clients the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these clients to contact the clients regarding vehicle financing.

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