Rightside Group Ltd. (NASDAQ:NAME) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage currently has a $9.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 13.49% from the company’s previous close.

According to Zacks, “Rightside Group, Ltd. is a provider of domain name services. It offers platforms for the discovery, registration, development, and monetization of domain names. The Company provides a turnkey service platform for resellers, registrars, registries and domain investors. Rightside Group, Ltd. is based in Kirkland, Washington. “

A number of other equities analysts also recently weighed in on the company. Deutsche Bank AG upped their price target on Rightside Group from $7.50 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Rightside Group in a research report on Wednesday, August 10th.

Rightside Group (NASDAQ:NAME) opened at 7.93 on Friday. The company’s market cap is $153.09 million. Rightside Group has a 52-week low of $7.16 and a 52-week high of $12.85. The stock has a 50 day moving average of $8.61 and a 200-day moving average of $9.61.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Rightside Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 384,538 shares of the company’s stock valued at $4,092,000 after buying an additional 28,688 shares during the last quarter. BlackRock Fund Advisors increased its stake in Rightside Group by 745.4% in the second quarter. BlackRock Fund Advisors now owns 304,994 shares of the company’s stock valued at $3,245,000 after buying an additional 268,917 shares during the last quarter. Diversified Investment Strategies LLC increased its stake in Rightside Group by 0.5% in the third quarter. Diversified Investment Strategies LLC now owns 277,310 shares of the company’s stock valued at $2,524,000 after buying an additional 1,390 shares during the last quarter. Granite Investment Partners LLC increased its stake in Rightside Group by 40.4% in the third quarter. Granite Investment Partners LLC now owns 229,760 shares of the company’s stock valued at $2,091,000 after buying an additional 66,058 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Rightside Group by 103.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 144,477 shares of the company’s stock valued at $1,537,000 after buying an additional 73,597 shares during the last quarter. 57.43% of the stock is owned by institutional investors.

About Rightside Group

Rightside Group, Ltd. is a provider of domain name services that enable businesses and consumers to find, establish and maintain their digital address. The Company is a registrar, offering domain name registration and other related services to resellers and domain name registrants. It provides infrastructure services through its eNom brand.

5 Day Chart for NASDAQ:NAME

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