Rightside Group Ltd. (NAME) Sees Large Volume Increase
Shares of Rightside Group Ltd. (NASDAQ:NAME) saw unusually-strong trading volume on Monday . Approximately 623,962 shares traded hands during mid-day trading, an increase of 596% from the previous session’s volume of 89,688 shares.The stock last traded at $9.42 and had previously closed at $10.91.
A number of analysts have recently commented on NAME shares. Zacks Investment Research cut Rightside Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Deutsche Bank AG increased their target price on Rightside Group from $7.50 to $11.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Finally, B. Riley reissued a “buy” rating and set a $15.00 target price on shares of Rightside Group in a research note on Monday, August 15th.
The firm’s market capitalization is $183.40 million. The stock has a 50 day moving average price of $11.53 and a 200-day moving average price of $9.56.
Rightside Group (NASDAQ:NAME) last released its earnings results on Tuesday, August 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.09. The business earned $54.04 million during the quarter, compared to the consensus estimate of $55.46 million. Equities analysts anticipate that Rightside Group Ltd. will post ($0.81) earnings per share for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.