Notable Price Action: Is Autobytel Inc.’s Fuel Running Low? The Stock Just Declined Again

Notable Price Action: Is Autobytel Inc.'s Fuel Running Low? The Stock Just Declined Again

The stock of Autobytel Inc. (NASDAQ:ABTL) is a huge mover today! About 704,340 shares traded hands or 1270.79% up from the average. Autobytel Inc. (NASDAQ:ABTL) has declined 6.63% since April 4, 2016 and is downtrending. It has underperformed by 7.72% the S&P500.
The move comes after 6 months negative chart setup for the $121.64 million company. It was reported on Nov, 4 by Barchart.com. We have $9.76 PT which if reached, will make NASDAQ:ABTL worth $15.81 million less.

Autobytel Inc. (NASDAQ:ABTL) Ratings Coverage

Out of 4 analysts covering Autobytel (NASDAQ:ABTL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Autobytel has been the topic of 4 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The rating was maintained by on Monday, October 10 with “Outperform”. Lake Street maintained Autobytel Inc. (NASDAQ:ABTL) rating on Friday, October 2. Lake Street has “Buy” rating and $25 price target. The firm has “Buy” rating given on Friday, March 11 by Ascendiant Capital.

According to Zacks Investment Research, “Autobytel, Inc. is an internationally branded online automotive commerce company that provides consumers with automotive solutions throughout the lifecycle of vehicle ownership. The company owns Internet sites for new and pre-owned vehicle information and automotive services that link buyers and sellers in an information-rich environment. Through the company’s Web sites consumers can research pricing, specifications and other information regarding new and pre-owned vehicles and purchase, finance, lease, insure, sell or maintain their vehicles.”

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.51, from 1.28 in 2016Q1. The ratio is negative, as 24 funds sold all Autobytel Inc. shares owned while 23 reduced positions. 15 funds bought stakes while 21 increased positions. They now own 6.29 million shares or 1.93% less from 6.42 million shares in 2016Q1.
Kistler holds 17 shares or 0% of its portfolio. Allianz Asset Mngmt Ag last reported 0% of its portfolio in the stock. Marcato Capital Mngmt Lp last reported 353,617 shares in the company. Blackrock Advsrs Limited holds 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL) for 4,476 shares. The California-based Wells Fargo Com Mn has invested 0% in Autobytel Inc. (NASDAQ:ABTL). Sabal holds 25,765 shares or 0.04% of its portfolio. Lyon Street Ltd has 359,297 shares for 2.81% of their US portfolio. Eagle Advisors Lc has invested 0.01% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). Teachers Incorporated owns 14,267 shares or 0% of their US portfolio. Citadel Advsr Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Bank Of New York Mellon, a New York-based fund reported 63,712 shares. Ancora Advsrs Ltd Com holds 121,930 shares or 0.2% of its portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. California State Teachers Retirement Sys holds 18,276 shares or 0% of its portfolio. Essex Management Com Llc has 0.08% invested in the company for 35,494 shares.

Insider Transactions: Since May 11, 2016, the stock had 4 buys, and 0 insider sales for $81,596 net activity. Shares for $50,400 were bought by CARPENTER MICHAEL A on Thursday, May 19. Fuller Glenn Evan bought $4,265 worth of stock or 300 shares. COATS JEFFREY H also bought $19,912 worth of Autobytel Inc. (NASDAQ:ABTL) on Tuesday, May 17. $7,019 worth of Autobytel Inc. (NASDAQ:ABTL) shares were bought by BOREN KIMBERLY.

More news for Autobytel Inc. (NASDAQ:ABTL) were recently published by: Quotes.Wsj.com, which released: “Autobytel Inc. ABTL (US: Nasdaq)” on February 11, 2011. Ocbj.com‘s article titled: “Autobytel Q2 Sales Up 19%” and published on August 04, 2016 is yet another important article.

ABTL Company Profile

Autobytel Inc. (Autobytel), incorporated on May 17, 1996, is an automotive marketing services firm that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to clients through the programs for online lead referrals (Leads), dealer marketing services and products, and online advertising programs and mobile products. The Firm operates through providing automotive marketing services segment. The Company’s consumer-facing automotive Websites, which include its Website Autobytel.com, provide clients with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the clients regarding purchasing or leasing vehicles. The Company’s AutoWeb pay-per-click advertising marketplace program uses technology to refer in-market consumer traffic to dealers and maker Websites. For clients not be able to secure loans through conventional lending sources, the Websites provide these clients the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these clients to contact the clients regarding vehicle financing.

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