The stock of Autobytel Inc. (NASDAQ:ABTL) hit a new 52-week low and has $9.53 target or 14.00% below today’s $11.08 share price. The 7 months bearish chart indicates high risk for the $120.18 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $9.53 price target is reached, the company will be worth $16.83 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 472,932 shares traded hands or 820.42% 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.
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. $29 is the highest target while $25 is the lowest. The $27.75 average target is 150.45% above today’s ($11.08) stock price. Autobytel has been the topic of 4 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The stock of Autobytel Inc. (NASDAQ:ABTL) earned “Buy” rating by Ascendiant Capital on Friday, March 11. The stock of Autobytel Inc. (NASDAQ:ABTL) has “Outperform” rating given on Monday, October 10 by . On Friday, October 2 the stock rating was maintained by Lake Street with “Buy”.
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.
Numeric Limited Liability Company reported 82,095 shares or 0.01% of all its holdings. Pnc Financial Serv Group Inc last reported 500 shares in the company. Citadel Advsrs Ltd Liability Com accumulated 23,762 shares or 0% of the stock. Stanley accumulated 0.06% or 10,484 shares. Rice Hall James Associate Ltd Liability Corp holds 0.01% or 15,426 shares in its portfolio. Moreover, New York State Common Retirement Fund has 0% invested in Autobytel Inc. (NASDAQ:ABTL) for 8,900 shares. Oberweis Asset Mngmt last reported 50,860 shares in the company. Millennium Ltd Liability Company owns 34,197 shares or 0% of their US portfolio. Tiaa Cref Inv Management Llc accumulated 42,932 shares or 0% of the stock. Ancora Advsr Llc has 121,930 shares for 0.2% of their US portfolio. Thomson Horstmann And Bryant, a Connecticut-based fund reported 512,417 shares. Kennedy Capital holds 0.02% of its portfolio in Autobytel Inc. (NASDAQ:ABTL) for 75,000 shares. Balyasny Asset Mngmt Ltd Limited Liability Company has invested 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). California State Teachers Retirement owns 18,276 shares or 0% of their US portfolio. Northern last reported 109,427 shares in the company.
Insider Transactions: Since May 11, 2016, the stock had 4 insider purchases, and 0 insider sales for $81,596 net activity. 500 Autobytel Inc. (NASDAQ:ABTL) shares with value of $7,019 were bought by BOREN KIMBERLY. 1,570 Autobytel Inc. (NASDAQ:ABTL) shares with value of $19,912 were bought by COATS JEFFREY H. Shares for $50,400 were bought by CARPENTER MICHAEL A. Fuller Glenn Evan also bought $4,265 worth of Autobytel Inc. (NASDAQ:ABTL) on Thursday, June 2.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.