Web.com Group, Inc. (NASDAQ:WEB) has received a consensus recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.05.
Several brokerages recently weighed in on WEB. B. Riley reiterated a “buy” rating and issued a $24.00 price objective on shares of Web.com Group in a research report on Wednesday, May 10th. Barclays PLC assumed coverage on shares of Web.com Group in a research report on Tuesday, March 28th. They set an “equal weight” rating and a $22.00 price target on the stock. Zacks Investment Research upgraded shares of Web.com Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 2nd. Cantor Fitzgerald upgraded shares of Web.com Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $24.00 in a research report on Friday, May 5th. Finally, ValuEngine downgraded shares of Web.com Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 27th.
In related news, insider Roseann Duran sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $23.04, for a total value of $230,400.00. Following the sale, the insider now directly owns 35,500 shares in the company, valued at approximately $817,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.51% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. First Midwest Bank Trust Division increased its stake in Web.com Group by 3.6% in the first quarter. First Midwest Bank Trust Division now owns 24,639 shares of the information services provider’s stock worth $476,000 after buying an additional 860 shares during the last quarter. Clinton Group Inc. increased its stake in Web.com Group by 7.6% in the first quarter. Clinton Group Inc. now owns 19,001 shares of the information services provider’s stock worth $367,000 after buying an additional 1,340 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Web.com Group by 14.7% in the first quarter. Wedge Capital Management L L P NC now owns 13,387 shares of the information services provider’s stock worth $258,000 after buying an additional 1,716 shares during the last quarter. American International Group Inc. increased its stake in Web.com Group by 7.1% in the first quarter. American International Group Inc. now owns 26,177 shares of the information services provider’s stock worth $505,000 after buying an additional 1,729 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Web.com Group by 2.1% in the first quarter. Teachers Advisors LLC now owns 114,533 shares of the information services provider’s stock worth $2,210,000 after buying an additional 2,386 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
Web.com Group (NASDAQ WEB) traded up 1.72% on Friday, reaching $23.65. 191,868 shares of the company traded hands. Web.com Group has a 12 month low of $12.90 and a 12 month high of $24.85. The company has a market capitalization of $1.16 billion, a P/E ratio of 118.25 and a beta of 1.03. The company has a 50-day moving average price of $22.02 and a 200-day moving average price of $19.92.
Web.com Group (NASDAQ:WEB) last issued its quarterly earnings data on Thursday, May 4th. The information services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.54. The firm had revenue of $186.80 million during the quarter, compared to the consensus estimate of $182.86 million. Web.com Group had a net margin of 1.35% and a return on equity of 39.79%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts expect that Web.com Group will post $2.99 EPS for the current year.
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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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