Favorable Press Coverage Somewhat Unlikely to Affect Autobytel (AUTO) Stock Price

Media coverage about Autobytel (NASDAQ:AUTO) has been trending positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Autobytel earned a news sentiment score of 0.32 on Accern’s scale. Accern also assigned headlines about the information services provider an impact score of 43.5482160418921 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Autobytel (NASDAQ:AUTO) traded down 0.13% during trading on Thursday, hitting $7.50. 32,894 shares of the stock traded hands. The firm’s 50-day moving average is $7.45 and its 200 day moving average is $10.65. The stock has a market cap of $96.52 million, a P/E ratio of 20.27 and a beta of 0.97. Autobytel has a 52 week low of $6.63 and a 52 week high of $17.62.

Autobytel (NASDAQ:AUTO) last issued its earnings results on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The firm had revenue of $34.60 million for the quarter, compared to analyst estimates of $34.30 million. Autobytel had a return on equity of 10.96% and a net margin of 3.15%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share.

AUTO has been the subject of several research reports. ValuEngine upgraded shares of Autobytel from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. B. Riley restated a “buy” rating and set a $12.00 price objective on shares of Autobytel in a research report on Wednesday, August 9th. TheStreet lowered shares of Autobytel from a “c” rating to a “d+” rating in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of Autobytel from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Barrington Research lowered shares of Autobytel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Autobytel currently has an average rating of “Hold” and an average price target of $12.00.

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Autobytel Company Profile

AutoWeb, Inc, formerly 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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