Web.com Group Inc (WEB) Coverage Initiated by Analysts at Cantor Fitzgerald
A number of other analysts have also recently issued reports on WEB. B. Riley reissued a buy rating and issued a $30.00 target price on shares of Web.com Group in a research report on Friday, August 5th. Piper Jaffray Cos. reaffirmed a buy rating on shares of Web.com Group in a research note on Sunday, June 26th. Zacks Investment Research raised Web.com Group from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Thursday, July 7th. RBC Capital Markets reaffirmed a hold rating and set a $23.00 price objective on shares of Web.com Group in a research note on Sunday, August 7th. Finally, Deutsche Bank AG reduced their price objective 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $22.83.
Shares of Web.com Group (NYSE:WEB) traded down 0.93% on Tuesday, hitting $15.90. The stock had a trading volume of 118,316 shares. The firm’s 50-day moving average price is $17.41 and its 200 day moving average price is $17.94. The firm has a market cap of $783.74 million and a PE ratio of 9.88. Web.com Group has a 52-week low of $15.10 and a 52-week high of $25.00.
Web.com Group (NYSE:WEB) last announced its earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm earned $193.90 million during the quarter, compared to analyst estimates of $194.14 million. The firm’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, equities research analysts predict that Web.com Group will post $2.61 EPS for the current year.
Large investors 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 approximately $102,000.
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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