Wayne M. Maclaurin Sells 2,413 Shares of Rightside Group Ltd. (NAME) Stock
Rightside Group Ltd. (NASDAQ:NAME) insider Wayne M. Maclaurin sold 2,413 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $7.88, for a total value of $19,014.44. Following the completion of the sale, the insider now directly owns 103,682 shares of the company’s stock, valued at approximately $817,014.16. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Rightside Group Ltd. (NASDAQ:NAME) opened at 8.08 on Tuesday. The firm’s market cap is $156.93 million. Rightside Group Ltd. has a one year low of $7.16 and a one year high of $12.85. The stock has a 50 day moving average price of $8.42 and a 200 day moving average price of $9.57.
A number of analysts have commented on the company. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Rightside Group in a research report on Monday, November 14th. Deutsche Bank AG lifted 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. Finally, Zacks Investment Research raised Rightside Group from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Saturday, November 12th.
Several hedge funds have recently bought and sold shares of NAME. Alambic Investment Management L.P. bought a new stake in Rightside Group during the third quarter worth $113,000. AMP Capital Investors Ltd acquired a new position in Rightside Group during the third quarter valued at approximately $130,000. Nationwide Fund Advisors raised its position in Rightside Group by 78.6% in the second quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock valued at $169,000 after buying an additional 6,994 shares during the period. Zacks Investment Management acquired a new position in Rightside Group during the third quarter valued at approximately $169,000. Finally, Teachers Advisors Inc. acquired a new position in Rightside Group during the second quarter valued at approximately $199,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.
Rightside Group Company Profile
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.
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