Web.com Group Now Covered by Analysts at Ned Davis Research (WWWW)
Research analysts at Ned Davis Research started coverage on shares of Web.com Group (NASDAQ:WWWW) in a report released on Monday, American Banking and Market News reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on WWWW. Analysts at Roth Capital downgraded shares of Web.com Group 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 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 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $28.86.
Web.com Group (NASDAQ:WWWW) traded down 3.41% on Monday, hitting $32.25. The stock had a trading volume of 433,011 shares. Web.com Group has a 1-year low of $13.25 and a 1-year high of $33.70. The stock’s 50-day moving average is $30.4 and its 200-day moving average is $23.9. The company’s market cap is $1.570 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.
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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