Barrington Reaffirms Their Buy Rating on AutoWeb (AUTO)

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on AutoWeb (AUTOResearch Report), with a price target of $10.00. The company’s shares closed last Friday at $2.42.

According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 40.1% and a 59.3% success rate. Prestopino covers the Services sector, focusing on stocks such as Points International, Kar Auction Services, and Liquidity Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AutoWeb with a $7.13 average price target.

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AutoWeb’s market cap is currently $31.87M and has a P/E ratio of -3.50. The company has a Price to Book ratio of 2.73.

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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. Its consumer-facing automotive websites provide consumers with information and tools to aid them with their automotive purchase decisions and gives in-market consumers the ability to connect with Dealers regarding purchasing or leasing vehicles. The company offers the WebLeads+ and Payment Pro and other Leads program for sale transactions. AutoWeb was founded by John C. Bedrosian and Peter R. Ellis in January 1995 and is headquartered in Tampa, FL.