B. Riley Brokers Raise Earnings Estimates for Autobytel Inc. (ABTL)
Autobytel Inc. (NASDAQ:ABTL) – Analysts at B. Riley upped their Q3 2016 EPS estimates for shares of Autobytel in a report released on Wednesday. B. Riley analyst S. Sinha now expects that the firm will earn $0.41 per share for the quarter, up from their previous estimate of $0.36. B. Riley currently has a “Buy” rating and a $28.00 target price on the stock. B. Riley also issued estimates for Autobytel’s Q4 2016 earnings at $0.38 EPS, Q1 2017 earnings at $0.24 EPS, Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.49 EPS and Q4 2017 earnings at $0.36 EPS.
Autobytel (NASDAQ:ABTL) last issued its earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ 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 company earned $36.10 million during the quarter, compared to the consensus estimate of $34.24 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year.
Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Autobytel from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, August 10th. Barrington Research upped their target price on Autobytel from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, October 10th.
Autobytel (NASDAQ:ABTL) opened at 17.21 on Friday. Autobytel has a 52 week low of $12.33 and a 52 week high of $25.00. The stock’s 50 day moving average price is $16.98 and its 200 day moving average price is $15.81. The company has a market capitalization of $185.61 million, a P/E ratio of 77.87 and a beta of 1.34.
A number of hedge funds and other institutional investors have recently bought and sold shares of ABTL. Acrospire Investment Management LLC increased its position in Autobytel by 96.4% in the second quarter. Acrospire Investment Management LLC now owns 8,558 shares of the company’s stock worth $119,000 after buying an additional 4,200 shares during the period. Stanley Laman Group Ltd. purchased a new position in Autobytel during the second quarter worth $145,000. Highbridge Capital Management LLC purchased a new position in Autobytel during the second quarter worth $152,000. Thompson Davis & CO. Inc. increased its position in Autobytel by 97.5% in the second quarter. Thompson Davis & CO. Inc. now owns 11,354 shares of the company’s stock worth $157,000 after buying an additional 5,605 shares during the period. Finally, Schwab Charles Investment Management Inc. purchased a new position in Autobytel during the second quarter worth $188,000. 66.48% of the stock is currently owned by institutional investors and hedge funds.
Autobytel Company Profile
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.
Receive News & Stock Ratings for Autobytel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autobytel Inc. and related stocks with our FREE daily email newsletter.