Web.com Group Inc. Sets New 1-Year High at $32.19 (WWWW)
Shares of Web.com Group (NASDAQ:WWWW) hit a new 52-week high on Monday, Analyst Ratings Network reports. The company traded as high as $32.19 and last traded at $31.76, with a volume of 475,857 shares trading hands. The stock had previously closed at $32.06.
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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.00.
In other Web.com Group news, Director Anton J. Levy unloaded 1,250,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $30.00, for a total transaction of $37,500,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Web.com Group has a 52 week low of $13.25 and a 52 week high of $32.19. The stock has a 50-day moving average of $29.21 and a 200-day moving average of $22.8. The company’s market cap is $1.544 billion.
Web.com Group (NASDAQ:WWWW) last released its earnings data on Thursday, August 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Web.com Group’s revenue was up 32.9% compared to the same quarter last year. 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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