Autohome (NYSE:ATHM) Sets New 1-Year Low - What's Next?

Key Points

• Autohome hit a new 52-week low — shares fell to $16.74 and were last around $16.90, trading well below the 50-day ($20.30) and 200-day ($23.55) moving averages, indicating a near-term downtrend.
• Analyst sentiment is weak: MarketBeat shows an average rating of "Reduce" (three Holds, one Sell) with a consensus target of $28, and Zacks recently downgraded the stock to a "strong sell".
• Company fundamentals: Autohome reported quarterly revenue of $208.96M and EPS of $0.09, has a market cap of about $2.0B and a P/E of 10.48, and institutional investors own roughly 63% of the shares.

Autohome Inc. (NYSE:ATHM - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.74 and last traded at $16.9010, with a volume of 7917 shares. The stock had previously closed at $16.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATHM shares. Zacks Research cut shares of Autohome from a "hold" rating to a "strong sell" rating in a research note on Friday, February 13th. Benchmark reissued a "hold" rating on shares of Autohome in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Autohome in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Autohome currently has an average rating of "Reduce" and a consensus target price of $28.00.

Autohome Stock Up 1.1%

The stock has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $23.55. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.48 and a beta of 0.12.

Autohome (NYSE:ATHM - Get Free Report) last posted its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 EPS for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%.The business had revenue of $208.96 million for the quarter. As a group, research analysts forecast that Autohome Inc. will post 1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Autohome

A number of institutional investors have recently modified their holdings of ATHM. Raymond James Financial Inc. acquired a new stake in Autohome during the second quarter worth approximately $29,000. PNC Financial Services Group Inc. lifted its stake in shares of Autohome by 124.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider's stock worth $34,000 after purchasing an additional 739 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Autohome by 205.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider's stock worth $37,000 after purchasing an additional 1,112 shares during the last quarter. Guinness Asset Management LTD boosted its holdings in shares of Autohome by 20.9% during the third quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider's stock worth $79,000 after purchasing an additional 469 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Autohome by 30.5% in the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider's stock valued at $82,000 after purchasing an additional 674 shares during the period. Institutional investors and hedge funds own 63.08% of the company's stock.

Autohome Company Profile

Autohome Inc NYSE: ATHM operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.

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