Web.com Group Director Anton Levy Unloads 1,250,000 Shares (WWWW)
Web.com Group (NASDAQ:WWWW) Director Anton Levy sold 1,250,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $30.00, for a total transaction of $37,500,000.00. Following the completion of the transaction, the director now directly owns 21,000 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on WWWW shares. Analysts at Roth Capital downgraded shares of Web.com Group (NASDAQ:WWWW) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $29.00 price target on the stock, up previously from $20.00. Separately, analysts at Northland Capital Partners raised their price target on shares of Web.com Group (NASDAQ:WWWW) from $30.00 to $34.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Web.com Group (NASDAQ:WWWW) in a research note to investors on Friday, August 2nd. They now have a $21.00 price target on the stock, down previously from $34.00.
Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Web.com Group presently has an average rating of “Buy” and an average price target of $28.00.
Shares of Web.com Group (NASDAQ:WWWW) traded down 3.95% during mid-day trading on Wednesday, hitting $29.90. The stock had a trading volume of 1,439,618 shares. Web.com Group has a 52-week low of $13.25 and a 52-week high of $31.70. The stock has a 50-day moving average of $28.33 and a 200-day moving average of $22.17. The company’s market cap is $1.455 billion.
Web.com Group (NASDAQ:WWWW) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.02. The company had revenue of $131.40 million for the quarter, compared to the consensus estimate of $130.64 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. Analysts expect that Web.com Group will post $2.07 EPS for the current fiscal year.
Web.com Group, Inc (NASDAQ:WWWW) is a provider of a line of Internet services for small- to medium-sized businesses (SMBs).
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