Rightside Group Ltd. (NAME) Reaches New 12-Month High at $12.60
Shares of Rightside Group Ltd. (NASDAQ:NAME) reached a new 52-week high during mid-day trading on Wednesday . The stock 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 issued a $15.00 price target on shares of Rightside Group in a research report on Monday.
The stock has a 50 day moving average of $9.96 and a 200-day moving average of $8.95. The company’s market cap is $229.44 million.
Rightside Group (NASDAQ:NAME) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.10. Equities research analysts predict that Rightside Group Ltd. will post ($0.85) earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Rightside Group stock. Sabal Capital Management LLC acquired a new position in shares of Rightside Group Ltd. (NASDAQ:NAME) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 403,828 shares of the company’s stock, valued at approximately $3,352,000. Rightside Group comprises 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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