Autobytel Inc. (NASDAQ:ABTL) CRO Jose J. Vargas purchased 7,753 shares of the stock in a transaction dated Monday, November 28th. The shares were acquired at an average cost of $12.90 per share, for a total transaction of $100,013.70. Following the completion of the acquisition, the executive now owns 7,753 shares of the company’s stock, valued at $100,013.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Autobytel Inc. (NASDAQ:ABTL) opened at 13.75 on Wednesday. Autobytel Inc. has a one year low of $10.72 and a one year high of $24.99. The stock’s 50 day moving average price is $15.02 and its 200-day moving average price is $15.31. The company has a market capitalization of $150.73 million, a P/E ratio of 50.18 and a beta of 1.57.

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

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

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Hedge funds have recently modified their holdings of the company. B. Riley Financial Inc. boosted its stake in shares of Autobytel by 33.9% in the second quarter. B. Riley Financial Inc. now owns 15,052 shares of the company’s stock worth $209,000 after buying an additional 3,811 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of 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 in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Autobytel during the second quarter worth approximately $6,608,000. California State Teachers Retirement System purchased a new stake in shares of Autobytel during the second quarter worth approximately $253,000. Finally, Oxford Asset Management boosted its stake 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 in the last quarter. 65.57% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on ABTL. B. Riley reaffirmed a “buy” rating and set a $28.00 price target on shares of Autobytel in a report on Tuesday, September 13th. Barrington Research upped their price target on Autobytel from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, October 10th. Finally, Zacks Investment Research downgraded Autobytel from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 9th.

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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