Zacks Investment Research Downgrades Web.com Group Inc (WEB) to Hold
According to Zacks, “WEB.COM GROUP, INC. is a leading provider of online marketing for small businesses. Web.com offers a full range of online services, including Internet marketing and advertising, local search, search engine marketing, search engine optimization, lead generation, home contractor specific leads, website design and publishing, logo and brand development, and eCommerce solutions, meeting the needs of small businesses anywhere along their lifecycle. “
Other equities analysts have also recently issued research reports about the stock. B. Riley reiterated a buy rating and set a $30.00 price target on shares of Web.com Group in a research report on Friday, August 5th. Piper Jaffray Cos. reiterated a buy rating and set a $31.00 price target on shares of Web.com Group in a research report on Monday, July 18th. RBC Capital Markets reiterated a hold rating and set a $23.00 price target on shares of Web.com Group in a research report on Sunday, August 7th. Finally, Deutsche Bank AG reduced their price target on shares of Web.com Group from $19.00 to $17.00 and set a hold rating on the stock in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $23.40.
Web.com Group (NYSE:WEB) opened at 16.05 on Wednesday. Web.com Group has a 52-week low of $15.10 and a 52-week high of $25.00. The company has a market cap of $791.14 million and a PE ratio of 9.97. The firm’s 50 day moving average is $17.44 and its 200 day moving average is $17.97.
Web.com Group (NYSE:WEB) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The firm earned $193.90 million during the quarter, compared to analysts’ expectations of $194.14 million. During the same quarter in the previous year, the firm posted $0.60 EPS. Web.com Group’s revenue was up 38.5% compared to the same quarter last year. Analysts forecast that Web.com Group will post $2.61 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC acquired a new stake in shares of Web.com Group during the second quarter worth $102,000. Teacher Retirement System of Texas acquired a new stake in shares of Web.com Group during the second quarter worth $110,000. Great West Life Assurance Co. Can acquired a new stake in shares of Web.com Group during the second quarter worth $125,000. Quantbot Technologies LP acquired a new stake in shares of Web.com Group during the second quarter worth $155,000. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Web.com Group during the second quarter worth $165,000.
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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