Web.com Group, Inc. (NASDAQ:WEB) has received a consensus recommendation of “Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.61.
A number of brokerages recently weighed in on WEB. Barclays PLC began coverage on Web.com Group in a report on Tuesday, March 28th. They issued an “equal weight” rating and a $22.00 target price on the stock. B. Riley reiterated a “buy” rating and issued a $24.00 target price on shares of Web.com Group in a report on Friday, May 5th. Cantor Fitzgerald upgraded Web.com Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $24.00 in a report on Friday, May 5th. Zacks Investment Research cut Web.com Group from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Finally, ValuEngine upgraded Web.com Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 20th.
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Shares of Web.com Group (NASDAQ:WEB) traded down 0.20% during trading on Friday, hitting $25.10. The stock had a trading volume of 59,861 shares. Web.com Group has a 12-month low of $12.90 and a 12-month high of $25.55. The stock’s 50 day moving average is $22.72 and its 200-day moving average is $20.36. The company has a market cap of $1.23 billion, a PE ratio of 125.50 and a beta of 0.94.
In other Web.com Group news, insider Roseann Duran sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00. Following the transaction, the insider now owns 35,500 shares in the company, valued at $817,920. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WEB. LSV Asset Management purchased a new stake in shares of Web.com Group during the first quarter valued at $111,000. Ellington Management Group LLC bought a new position in Web.com Group during the fourth quarter valued at approximately $201,000. Invictus RG bought a new position in Web.com Group during the first quarter valued at approximately $213,000. Acadian Asset Management LLC bought a new position in Web.com Group during the first quarter valued at approximately $234,000. Finally, Karp Capital Management Corp bought a new position in Web.com Group during the first quarter valued at approximately $250,000. 86.38% of the stock is owned by hedge funds and other institutional investors.
Web.com Group Company Profile
Web.com Group, Inc provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions, including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.
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