Autobytel Inc (ABTL) Files Form 4 Insider Buying : Jeffrey H Coats Buys 1,570 Shares

Autobytel Inc (ABTL): Jeffrey H Coats , CEO of Autobytel Inc purchased 1,570 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.68 per share for a total value of $19,911.68 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Kimberly Boren (CFO) purchased 500 shares at $14.04 per share price.On Mar 17, 2016, Wesley Ozima (VP AND CONTROLLER) sold 1,500 shares at $19.88 per share price.Also, On Nov 20, 2015, Financial S.a. Idc (10% owner) sold 5,000 shares at $20.32 per share price.On Nov 20, 2015, Pieters Juan Christian Klose (10% owner) purchased 5,000 shares at $20.10 per share price.

Shares of Autobytel (ABTL) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -4.95% at $12.86 with 1,64,859 shares getting traded. Post opening the session at $13.62, the shares hit an intraday low of $12.79 and an intraday high of $13.62 and the price vacillated in this range throughout the day. The company has a market cap of $137 M and the number of outstanding shares has been calculated to be 1,06,86,382 shares. The 52-week high of Autobytel is $25 and the 52-week low is $12.76.

Autobytel Money Flow Index Chart

Company has been under the radar of several Street Analysts.Autobytel is Reiterated by Ascendiant Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 29 from a previous price target of $28 .The Rating was issued on Mar 11, 2016.

Autobytel Inc. is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell vehicles to consumers through the programs for online lead referrals dealer marketing products and services and online advertising programs and mobile products. Its consumer-facing automotive Websites which include its flagship Website provide consumers with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the consumers regarding purchasing or leasing vehicles. Its Websites provide these consumers the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these consumers to contact the consumers regarding vehicle financing. Its other offerings include iControl by Autobytel WebLeads+ Email Manager and Lead Call Payment Pro mobile products and services and SaleMove products and services.

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