Jeffrey H. Coats Sells 8,279 Shares of Autobytel Inc. (ABTL) Stock
Autobytel Inc. (NASDAQ:ABTL) CEO Jeffrey H. Coats sold 8,279 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $13.20, for a total transaction of $109,282.80. Following the completion of the transaction, the chief executive officer now directly owns 21,948 shares of the company’s stock, valued at approximately $289,713.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Autobytel Inc. (NASDAQ:ABTL) remained flat at $13.20 during mid-day trading on Wednesday. The stock had a trading volume of 147,910 shares. The company has a market cap of $144.70 million, a P/E ratio of 48.18 and a beta of 1.57. Autobytel Inc. has a 12 month low of $10.72 and a 12 month high of $25.00. The firm’s 50-day moving average price is $15.36 and its 200 day moving average price is $15.30.
Autobytel (NASDAQ:ABTL) last released its earnings results on Thursday, November 3rd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business earned $43.91 million during the quarter, compared to analysts’ expectations of $41.39 million. Autobytel had a net margin of 2.54% and a return on equity of 12.15%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, equities research analysts anticipate that Autobytel Inc. will post $1.24 earnings per share for the current fiscal year.
ABTL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Autobytel from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Wednesday, August 10th. Barrington Research increased their price objective on shares of Autobytel from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, October 10th. Finally, B. Riley reissued a “buy” rating and issued a $28.00 price objective on shares of Autobytel in a research report on Monday, October 17th.
Several hedge funds have recently added to or reduced their stakes in ABTL. Thomson Horstmann & Bryant Inc. boosted its stake in Autobytel by 4.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 512,417 shares of the company’s stock worth $7,107,000 after buying an additional 20,423 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Autobytel during the second quarter worth approximately $6,608,000. Vanguard Group Inc. boosted its stake in Autobytel by 2.0% in the second quarter. Vanguard Group Inc. now owns 385,076 shares of the company’s stock worth $5,341,000 after buying an additional 7,435 shares in the last quarter. Lyon Street Capital LLC boosted its stake in Autobytel by 13.5% in the second quarter. Lyon Street Capital LLC now owns 359,297 shares of the company’s stock worth $4,983,000 after buying an additional 42,835 shares in the last quarter. Finally, Northpointe Capital LLC boosted its stake in Autobytel by 104.6% in the third quarter. Northpointe Capital LLC now owns 300,226 shares of the company’s stock worth $5,344,000 after buying an additional 153,497 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.
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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.
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