Web.com Group Inc. (WEB) Receives Average Rating of “Hold” from Analysts
Web.com Group Inc. (NASDAQ:WEB) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.00.
Several equities analysts have recently commented on WEB shares. Cantor Fitzgerald started coverage on Web.com Group in a research report on Wednesday, October 19th. They issued a “hold” rating and a $20.00 price objective on the stock. SunTrust Banks Inc. downgraded Web.com Group from a “buy” rating to a “hold” rating in a research report on Friday, November 4th.
Shares of Web.com Group (NASDAQ:WEB) traded up 1.074% during midday trading on Wednesday, reaching $16.475. The company had a trading volume of 93,727 shares. Web.com Group has a 52 week low of $12.90 and a 52 week high of $24.73. The stock has a 50-day moving average of $15.95 and a 200 day moving average of $17.25. The firm has a market capitalization of $810.92 million, a price-to-earnings ratio of 10.684 and a beta of 0.70.
A hedge fund recently bought a new stake in Web.com Group stock. Phocas Financial Corp. purchased a new position in shares of Web.com Group Inc. (NASDAQ:WEB) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 183,535 shares of the company’s stock, valued at approximately $3,638,000. Phocas Financial Corp. owned 0.37% of Web.com Group at the end of the most recent quarter. 91.90% of the stock is currently owned by institutional investors and hedge funds.
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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