Stock analysts at Cantor Fitzgerald initiated coverage on shares of Web.com Group Inc. (NASDAQ:WEB) in a research note issued on Wednesday, StockTargetPrices.com reports. The brokerage set a “hold” rating and a $20.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 24.61% from the stock’s previous close.
Web.com Group (NASDAQ:WEB) opened at 16.05 on Wednesday. Web.com Group has a 12-month low of $15.10 and a 12-month high of $25.00. The stock has a market capitalization of $791.14 million, a price-to-earnings ratio of 9.97 and a beta of 1.14. The stock’s 50 day moving average is $17.41 and its 200 day moving average is $17.94.
An institutional investor recently bought a new position in Web.com Group stock. Phocas Financial Corp. purchased a new position in shares of Web.com Group Inc. (NASDAQ:WEB) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 183,535 shares of the company’s stock, valued at approximately $3,638,000. Phocas Financial Corp. owned 0.37% of Web.com Group as of its most recent SEC filing. 93.55% of the stock is currently 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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