Web.com Group Inc (NYSE:WEB) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.40.
A number of research analysts have recently commented on WEB shares. Piper Jaffray Cos. reiterated a “buy” rating on shares of Web.com Group in a report on Sunday, June 26th. Zacks Investment Research upgraded Web.com Group from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, July 7th. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Web.com Group in a research note on Friday, August 5th. Deutsche Bank AG cut their target price on Web.com Group from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, August 5th. Finally, RBC Capital Markets restated a “hold” rating and issued a $23.00 target price on shares of Web.com Group in a research note on Sunday, August 7th.
A number of hedge funds have recently made changes to their positions in the stock. B. Riley Financial Inc. boosted its stake in shares of Web.com Group by 1.7% in the second quarter. B. Riley Financial Inc. now owns 11,650 shares of the company’s stock worth $212,000 after buying an additional 191 shares during the period. Capstone Investment Advisors LLC boosted its stake in shares of Web.com Group by 31.2% in the second quarter. Capstone Investment Advisors LLC now owns 13,160 shares of the company’s stock worth $239,000 after buying an additional 3,128 shares during the period. AQR Capital Management LLC boosted its stake in shares of Web.com Group by 5.6% in the second quarter. AQR Capital Management LLC now owns 87,050 shares of the company’s stock worth $1,583,000 after buying an additional 4,645 shares during the period. MSI Financial Services Inc boosted its stake in shares of Web.com Group by 21.7% in the third quarter. MSI Financial Services Inc now owns 27,125 shares of the company’s stock worth $468,000 after buying an additional 4,839 shares during the period. Finally, Paradigm Asset Management Co. LLC bought a new stake in shares of Web.com Group during the second quarter worth $102,000.
Shares of Web.com Group (NYSE:WEB) traded down 0.31% during midday trading on Wednesday, hitting $16.00. 240,548 shares of the company were exchanged. The company’s 50 day moving average price is $17.41 and its 200 day moving average price is $17.94. Web.com Group has a one year low of $15.10 and a one year high of $25.00. The firm has a market cap of $788.67 million and a P/E ratio of 9.94.
Web.com Group (NYSE:WEB) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $193.90 million for the quarter, compared to analyst estimates of $194.14 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 38.5% compared to the same quarter last year. Equities analysts expect that Web.com Group will post $2.61 EPS for the current year.
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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