Autobytel Inc. (ABTL)

[confusedtrader]

This might explain a bit why the big seller is selling. Ascendiant actually slashed target from 10 to 7.

http://www.dailypolitical.com/finance/stock-market/ascendiant-capital-markets-sets-autobytel-price-target-at-7-00-abtl.htm

Investment analysts at Ascendiant Capital Markets dropped their target price on shares of Autobytel (NASDAQ: ABTL) from $10.00 to $7.00 in a note issued to investors on Wednesday. The firm currently has a “strong-buy” rating on the stock.

Autobytel opened at 3.84 on Wednesday. Autobytel has a 1-year low of $3.35 and a 1-year high of $5.30. The company has a market cap of $35.2 million and a price-to-earnings ratio of 28.44.

Separately, analysts at Craig Hallum downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research note to investors on Friday, May 4th.

Autobytel Inc. (Autobytel) is an automotive marketing services company that helps automotive retail dealers (Dealers) and automotive manufacturers (Manufacturers) market and sell new and used vehicles through its Internet lead referral and online advertising programs.