Shares of Web.com Group Inc (NYSE:WEB) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.17.

Several brokerages have weighed in on WEB. B. Riley reissued a “buy” rating and set a $30.00 price objective on shares of Web.com Group in a research note on Wednesday, November 9th. RBC Capital Markets reduced their price objective on Web.com Group from $29.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Friday, November 4th. SunTrust Banks Inc. cut Web.com Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.55 to $15.00 in a research note on Friday, November 4th. Piper Jaffray Cos. reissued a “buy” rating and set a $22.00 price objective on shares of Web.com Group in a research note on Thursday, November 3rd. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $20.00 price objective on shares of Web.com Group in a research note on Monday, October 31st.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC purchased a new position in shares of Web.com Group during the second quarter valued at about $102,000. Teacher Retirement System of Texas purchased a new position in shares of Web.com Group during the second quarter valued at about $110,000. Great West Life Assurance Co. Can purchased a new position in shares of Web.com Group during the second quarter valued at about $125,000. Quantbot Technologies LP purchased a new position in shares of Web.com Group during the second quarter valued at about $155,000. Finally, ClariVest Asset Management LLC purchased a new position in shares of Web.com Group during the second quarter valued at about $165,000.

Web.com Group (NYSE:WEB) traded up 0.92% on Wednesday, hitting $16.45. The stock had a trading volume of 93,827 shares. The stock’s 50-day moving average is $15.95 and its 200 day moving average is $17.25. The firm has a market capitalization of $809.69 million and a price-to-earnings ratio of 10.67. Web.com Group has a 1-year low of $12.90 and a 1-year high of $24.73.

Web.com Group (NYSE:WEB) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The company had revenue of $192.79 million for the quarter, compared to the consensus estimate of $194.15 million. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 37.3% compared to the same quarter last year. On average, equities research analysts predict that Web.com Group will post $2.68 earnings per share for the current fiscal year.

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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.

5 Day Chart for NYSE:WEB

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