Notable Runner: What Next for Autobytel Inc. Stock After Today’s Huge Increase?

Notable Runner: What Next for Autobytel Inc. Stock After Today's Huge Increase?

The stock of Autobytel Inc. (NASDAQ:ABTL) is a huge mover today! About 116,552 shares traded hands. Autobytel Inc. (NASDAQ:ABTL) has declined 28.30% since April 26, 2016 and is downtrending. It has underperformed by 33.56% the S&P500.
The move comes after 5 months positive chart setup for the $150.62M company. It was reported on Nov, 29 by Barchart.com. We have $14.18 PT which if reached, will make NASDAQ:ABTL worth $4.52 million more.

Analysts await Autobytel Inc. (NASDAQ:ABTL) to report earnings on March, 9. They expect $0.22 earnings per share, down 26.67% or $0.08 from last year’s $0.3 per share. ABTL’s profit will be $2.41M for 15.65 P/E if the $0.22 EPS becomes a reality. After $0.42 actual earnings per share reported by Autobytel Inc. for the previous quarter, Wall Street now forecasts -47.62% negative EPS growth.

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 it with “Outperform” rating and $28 target price in Monday, October 10 report. Lake Street maintained it with “Buy” rating and $25 target price in Friday, October 2 report. Ascendiant Capital maintained Autobytel Inc. (NASDAQ:ABTL) on Friday, March 11 with “Buy” rating.

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 increased to 1.52 in 2016 Q2. Its up 0.75, from 0.77 in 2016Q1. The ratio is positive, 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.
Manatuck Hill Ltd Liability holds 60,000 shares or 0.37% of its portfolio. Manufacturers Life Insur The holds 337 shares or 0% of its portfolio. Oberweis Asset Mngmt Inc holds 0.21% of its portfolio in Autobytel Inc. (NASDAQ:ABTL) for 50,860 shares. Bankshares Of Ny Mellon, a New York-based fund reported 63,712 shares. Kennedy Inc has invested 0.02% of its portfolio in Autobytel Inc. (NASDAQ:ABTL). State Street Corp accumulated 0% or 102,035 shares. D E Shaw & Inc accumulated 231,322 shares or 0.01% of the stock. California State Teachers Retirement Sys holds 18,276 shares or 0% of its portfolio. Tiaa Cref Inv Lc holds 0% of its portfolio in Autobytel Inc. (NASDAQ:ABTL) for 42,932 shares. Blackrock Fund Advisors holds 0% or 203,742 shares in its portfolio. Northern has 109,427 shares for 0% of their US portfolio. Tocqueville Asset L P reported 152,550 shares or 0.03% of all its holdings. Gp owns 5,017 shares or 0% of their US portfolio. Cadence Capital Mgmt Ltd last reported 0.06% of its portfolio in the stock. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 2, 2016, the stock had 1 insider buy, and 2 selling transactions for $332,192 net activity. Another trade for 9,498 shares valued at $128,700 was sold by COATS JEFFREY H. Fuller Glenn Evan bought $4,265 worth of stock. Vargas Jose J. bought $100,014 worth of Autobytel Inc. (NASDAQ:ABTL) on Monday, November 28.

More important recent Autobytel Inc. (NASDAQ:ABTL) news were published by: Streetinsider.com which released: “Form 4 AUTOBYTEL INC For: Nov 28 Filed by: Vargas Jose J.” on November 28, 2016, also Prnewswire.com published article titled: “Autobytel Partners with Videology to Bring its Expansive In-Market Auto …”, Equitiesfocus.com published: “Autobytel Inc. (NASDAQ:ABTL) 200-Day MA At $15.31” on November 29, 2016. More interesting news about Autobytel Inc. (NASDAQ:ABTL) was released by: Ocbj.com and their article: “Autobytel Q2 Sales Up 19%” with publication date: August 04, 2016.

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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