Barrington analyst Gary Prestopino maintained a Hold rating on AutoWeb Inc (NASDAQ: AUTO) today. The company’s shares closed on Friday at $3.76, close to its 52-week low of $2.88.
Prestopino observed:
“We believe Q1/18 will continue to be impacted by lower lead revenue and higher traffic acquisitions costs. Both factors were evident in Q4/17, which led to decrease in gross profit to $8.1 million versus $14.6 million in Q4/16, and a reduction in gross margin of close to 1,200 bps on a year-over-year basis to 24.43%.”
According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 1.0% and a 43.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.
AutoWeb Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.45.
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The company has a one-year high of $14.30 and a one-year low of $2.88. Currently, AutoWeb Inc has an average volume of 110.4K.
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AutoWeb, Inc. provides high quality consumer leads and associated marketing services to automotive dealers and manufacturers throughout the United States. It also provides consumers with robust and original online automotive content to help them make informed car-buying decisions. AutoWeb was founded by John C. Bedrosian and Peter R.
