Rightside Group Ltd. (NAME) Reaches New 12-Month High at $12.60
Shares of Rightside Group Ltd. (NASDAQ:NAME) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.60 and last traded at $12.00, with a volume of 15,186 shares traded. The stock had previously closed at $12.03.
Separately, B. Riley restated a “buy” rating and set a $12.00 price target on shares of Rightside Group in a research note on Thursday, May 12th.
The stock’s market capitalization is $226.18 million. The company has a 50 day moving average price of $10.12 and a 200-day moving average price of $8.99.
Rightside Group (NASDAQ:NAME) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.10. On average, analysts expect that Rightside Group Ltd. will post ($0.85) EPS for the current fiscal year.
An institutional investor recently bought a new position in Rightside Group stock. Sabal Capital Management LLC purchased a new stake in Rightside Group Ltd. (NASDAQ:NAME) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 403,828 shares of the company’s stock, valued at approximately $3,352,000. Rightside Group accounts for approximately 5.6% of Sabal Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Sabal Capital Management LLC owned 2.13% of Rightside Group at the end of the most recent quarter.
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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