Rightside Group Ltd. (NAME) Reaches New 12-Month High at $12.26
Rightside Group Ltd. (NASDAQ:NAME) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.26 and last traded at $11.83, with a volume of 33,164 shares changing hands. The stock had previously closed at $11.66.
Separately, B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of Rightside Group in a research note on Tuesday.
The firm’s market cap is $224.64 million. The company has a 50-day moving average of $9.66 and a 200-day moving average of $8.85.
Rightside Group (NASDAQ:NAME) last released its earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.10. On average, equities analysts forecast that Rightside Group Ltd. will post ($0.85) EPS for the current year.
An institutional investor recently bought a new position in Rightside Group stock. Sabal Capital Management LLC purchased a new position in Rightside Group Ltd. (NASDAQ:NAME) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 403,828 shares of the company’s stock, valued at approximately $3,352,000. Rightside Group comprises 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 reporting period.
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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