Deutsche Bank AG Purchases New Position in AutoWeb (AUTO)

Deutsche Bank AG purchased a new stake in AutoWeb (NASDAQ:AUTO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 44,227 shares of the information services provider’s stock, valued at approximately $398,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AXA acquired a new stake in AutoWeb in the 4th quarter valued at $129,000. Tocqueville Asset Management L.P. acquired a new stake in AutoWeb during the 4th quarter worth $134,000. Bingham Osborn & Scarborough LLC acquired a new stake in AutoWeb during the 4th quarter worth $135,000. Acadian Asset Management LLC acquired a new stake in AutoWeb during the 4th quarter worth $141,000. Finally, Virtu Financial LLC acquired a new stake in AutoWeb during the 4th quarter worth $143,000. 50.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AUTO opened at $3.58 on Friday. AutoWeb has a 52-week low of $3.28 and a 52-week high of $3.44.

AutoWeb (NASDAQ:AUTO) last announced its quarterly earnings results on Thursday, May 10th. The information services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The firm had revenue of $32.35 million for the quarter, compared to analyst estimates of $32.02 million. AutoWeb had a negative net margin of 55.22% and a negative return on equity of 0.52%. research analysts forecast that AutoWeb will post -0.25 earnings per share for the current year.

Several brokerages have issued reports on AUTO. Barrington Research reaffirmed a “buy” rating on shares of AutoWeb in a research note on Wednesday. B. Riley lowered their target price on shares of AutoWeb from $4.90 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, May 11th. Lake Street Capital cut shares of AutoWeb from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Zacks Investment Research raised shares of AutoWeb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, ValuEngine cut shares of AutoWeb from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.67.

In other news, insider Jared Robert Rowe purchased 60,975 shares of the stock in a transaction dated Tuesday, May 15th. The shares were purchased at an average price of $3.28 per share, with a total value of $199,998.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.73% of the company’s stock.

About AutoWeb

AutoWeb, Inc operates as an automotive marketing services company in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, as well as finance leads program, which provides vehicle financing and other services from dealers or financial institutions.

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Institutional Ownership by Quarter for AutoWeb (NASDAQ:AUTO)

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