Autobytel Inc. (NASDAQ:ABTL) insider Jeffrey H. Coats sold 22,992 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $13.20, for a total value of $303,494.40. Following the transaction, the insider now owns 21,948 shares of the company’s stock, valued at $289,713.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Autobytel Inc. (NASDAQ:ABTL) opened at 13.20 on Friday. The company has a market capitalization of $144.70 million, a P/E ratio of 48.18 and a beta of 1.57. Autobytel Inc. has a 1-year low of $10.72 and a 1-year high of $25.00. The firm has a 50-day moving average price of $15.36 and a 200-day moving average price of $15.30.

Autobytel (NASDAQ:ABTL) last announced its earnings results on Thursday, November 3rd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $43.91 million for the quarter, compared to the consensus estimate of $41.39 million. Autobytel had a return on equity of 12.15% and a net margin of 2.54%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, analysts forecast that Autobytel Inc. will post $1.24 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Autobytel (NASDAQ:ABTL)

A number of research analysts recently issued reports on ABTL shares. B. Riley reiterated a “buy” rating and set a $28.00 price objective on shares of Autobytel in a report on Friday, August 5th. Zacks Investment Research upgraded Autobytel from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Wednesday, August 10th. Finally, Barrington Research increased their price objective on Autobytel from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, October 10th.

A number of hedge funds and other institutional investors have recently made changes to their positions in ABTL. Barclays PLC increased its position in shares of Autobytel by 2.2% in the first quarter. Barclays PLC now owns 24,897 shares of the company’s stock worth $423,000 after buying an additional 525 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of 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. California State Teachers Retirement System acquired a new position in shares of Autobytel during the second quarter worth about $253,000. 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 in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Autobytel during the second quarter worth about $6,608,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2016/11/25/jeffrey-h-coats-sells-22992-shares-of-autobytel-inc-abtl-stock.html.

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

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.