Barrington Keeps Their Hold Rating on AutoWeb (AUTO)

Barrington analyst Gary Prestopino maintained a Hold rating on AutoWeb (AUTOResearch Report) today. The company’s shares closed last Monday at $2.70.

According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 0.7% and a 50.7% success rate. Prestopino covers the Services sector, focusing on stocks such as US Auto Parts Network, Kar Auction Services, and Ritchie Bros.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AutoWeb with a $5.00 average price target.

See today’s analyst top recommended stocks >>

Based on AutoWeb’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.95 million. In comparison, last year the company had a GAAP net loss of $18.04 million.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AUTO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AutoWeb, Inc. engages in digital marketing solutions. The company engages in assisting automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers by utilizing digital sales enhancing products and services.