Autobytel Inc. (NASDAQ:ABTL) had its price target lifted by stock analysts at Barrington Research from $25.00 to $28.00 in a research report issued to clients and investors on Monday. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price would indicate a potential upside of 61.38% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Autobytel from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th. B. Riley reissued a “buy” rating and set a $28.00 price objective on shares of Autobytel in a report on Friday, August 5th.

Shares of Autobytel (NASDAQ:ABTL) traded up 1.73% on Monday, reaching $17.65. The company had a trading volume of 68,713 shares. The firm has a market capitalization of $190.36 million, a price-to-earnings ratio of 79.86 and a beta of 1.34. Autobytel has a 52 week low of $12.33 and a 52 week high of $25.00. The stock’s 50 day moving average is $16.91 and its 200 day moving average is $15.79.

Autobytel (NASDAQ:ABTL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. Autobytel had a return on equity of 12.16% and a net margin of 1.85%. The business earned $36.10 million during the quarter, compared to analyst estimates of $34.24 million. During the same quarter in the prior year, the business posted $0.31 EPS. Autobytel’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, equities analysts anticipate that Autobytel will post $1.40 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in ABTL. Emerald Acquisition Ltd. acquired a new position in shares of Autobytel during the second quarter worth approximately $6,608,000. BlackRock Fund Advisors increased its position in shares of Autobytel by 891.1% in the second quarter. BlackRock Fund Advisors now owns 203,742 shares of the company’s stock worth $2,826,000 after buying an additional 183,185 shares during the last quarter. Oxford Asset Management increased its position in shares of Autobytel by 154.5% in the second quarter. Oxford Asset Management now owns 172,415 shares of the company’s stock worth $2,391,000 after buying an additional 104,677 shares during the last quarter. Signia Capital Management LLC increased its position in shares of Autobytel by 866.1% in the second quarter. Signia Capital Management LLC now owns 114,893 shares of the company’s stock worth $1,594,000 after buying an additional 103,000 shares during the last quarter. Finally, State Street Corp acquired a new position in shares of Autobytel during the second quarter worth approximately $1,411,000. 66.48% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:ABTL

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