November 24, 2016 - By Marguerite Chambers
Jeffrey Coats, an insider and also PRESIDENT AND CEO of the popular company Autobytel Inc made deal. He sold 22,992 shares of the company with the deal valued at near $303,506 U.S. Dollars – which is calculated based on a stock price of $13.2 of a share. Jeffrey is trying to silently decrease his company’s share, same as he did in the last month. He unloaded another 9,498 shares worth $128,700 USD. This trade decreased his ownership of the Company to 0.12% total market cap or 13,669 shares.
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. The stock of Autobytel Inc. (NASDAQ:ABTL) earned “Outperform” rating by on Monday, October 10. Lake Street maintained it with “Buy” rating and $25 target price in Friday, October 2 report. The firm has “Buy” rating by Ascendiant Capital given on Friday, March 11.
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.
Lyon Street Cap Limited Liability last reported 2.81% of its portfolio in the stock. Moreover, Adirondack Mngmt has 0.62% invested in Autobytel Inc. (NASDAQ:ABTL) for 118,885 shares. Thompson Davis And Company holds 0.25% or 11,354 shares in its portfolio. Citadel Advisors Llc has invested 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). Geode Ltd Llc holds 63,055 shares or 0% of its portfolio. Moreover, California Pub Employees Retirement System has 0% invested in Autobytel Inc. (NASDAQ:ABTL) for 30,000 shares. Allianz Asset Ag holds 0% or 298,426 shares in its portfolio. The New York-based Tocqueville Asset Management L P has invested 0.03% in Autobytel Inc. (NASDAQ:ABTL). Gsa Capital Llp, a United Kingdom-based fund reported 12,000 shares. Northpointe Capital Ltd Liability Com owns 146,729 shares or 0.24% of their US portfolio. Kistler reported 17 shares or 0% of all its holdings. Blackrock Institutional Tru Co Na has 239,576 shares for 0% of their US portfolio. Schwab Charles Investment has invested 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). State Common Retirement Fund has invested 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). Highbridge Cap has 0% invested in the company for 10,950 shares.
Insider Transactions: Since June 2, 2016, the stock had 1 insider buy, and 1 insider sale for $124,435 net activity. $128,700 worth of Autobytel Inc. (NASDAQ:ABTL) shares were sold by COATS JEFFREY H. Fuller Glenn Evan also bought $4,265 worth of Autobytel Inc. (NASDAQ:ABTL) on Thursday, June 2.
The stock closed at $13.2 during the last session. It is up 28.84% since April 22, 2016 and is downtrending. It has underperformed by 34.25% 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 $142.97 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.”
Analysts await Autobytel Inc. (NASDAQ:ABTL) to report earnings on March, 9. They expect $0.22 earnings per share, down 26.67% or $0.08 from last year’s $0.3 per share. ABTL’s profit will be $2.38M for 15.00 P/E if the $0.22 EPS becomes a reality. After $0.42 actual earnings per share reported by Autobytel Inc. for the previous quarter, Wall Street now forecasts -47.62% negative EPS growth.
More important recent Autobytel Inc. (NASDAQ:ABTL) news were published by: Marketwatch.com which released: “Autobytel Inc.” on December 21, 2009, also Streetinsider.com published article titled: “Form 4 AUTOBYTEL INC For: Nov 22 Filed by: COATS JEFFREY H”, Prnewswire.com published: “Autobytel Partners with Videology to Bring its Expansive In-Market Auto ..” on November 17, 2016. More interesting news about Autobytel Inc. (NASDAQ:ABTL) was released by: Ocbj.com and their article: “Autobytel Q2 Sales Up 19%” with publication date: August 04, 2016.
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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