The stock of Autobytel Inc. (NASDAQ:ABTL) is a huge mover today! About 101,437 shares traded hands. Autobytel Inc. (NASDAQ:ABTL) has declined 23.13% since April 14, 2016 and is downtrending. It has underperformed by 27.82% the S&P500.
The move comes after 8 months positive chart setup for the $158.36M company. It was reported on Nov, 16 by Barchart.com. We have $24.51 PT which if reached, will make NASDAQ:ABTL worth $109.27M more.
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. maintained the shares of ABTL in a report on Monday, October 10 with “Outperform” rating. The stock of Autobytel Inc. (NASDAQ:ABTL) has “Buy” rating given on Friday, March 11 by Ascendiant Capital. The stock of Autobytel Inc. (NASDAQ:ABTL) earned “Buy” rating by Lake Street on Friday, October 2.
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 2016 Q2. Its down 0.51, from 1.28 in 2016Q1. The ratio turned 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.
Driehaus Capital Mngmt Lc, a Illinois-based fund reported 389,388 shares. Oxford Asset accumulated 172,415 shares or 0.1% of the stock. Teachers Advisors holds 0% or 14,267 shares in its portfolio. Schwab Charles Management Inc accumulated 0% or 13,500 shares. Natl Bank Of America De, a North Carolina-based fund reported 165 shares. Cadence Cap Management Limited Liability holds 56,267 shares or 0.06% of its portfolio. Moreover, State Common Retirement Fund has 0% invested in Autobytel Inc. (NASDAQ:ABTL) for 8,900 shares. Harber Asset Mngmt Ltd owns 68,455 shares or 0.52% of their US portfolio. Tocqueville Asset Mngmt Lp has 152,550 shares for 0.03% of their US portfolio. Balyasny Asset Management Ltd Liability Corp accumulated 14,392 shares or 0% of the stock. Ancora Limited Liability Corp holds 0.2% or 121,930 shares in its portfolio. Amer Grp Inc has 5,017 shares for 0% of their US portfolio. Axa holds 0% or 28,800 shares in its portfolio. Blackrock Ltd Liability Corp last reported 4,476 shares in the company. Tiaa Cref Investment Mngmt Limited last reported 42,932 shares in the company.
Insider Transactions: Since May 17, 2016, the stock had 1 insider purchase, and 0 selling transactions for $4,265 net activity. Shares for $4,265 were bought by Fuller Glenn Evan. 4,000 shares were bought by CARPENTER MICHAEL A, worth $50,400 on Thursday, May 19. COATS JEFFREY H bought 1,570 shares worth $19,912.
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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