Web.com Group Inc. Reaches New 12-Month High at $33.90 (WWWW)
Web.com Group (NASDAQ:WWWW)’s share price reached a new 52-week high on Thursday, AR Network reports. The company traded as high as $33.90 and last traded at $33.48, with a volume of 482,240 shares traded. The stock had previously closed at $31.89.
WWWW has been the subject of a number of recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Web.com Group from $33.00 to $34.00 in a research note to investors on Wednesday, November 6th. They now have an “outperform” rating on the stock. Analysts at Deutsche Bank raised their price target on shares of Web.com Group from $27.00 to $28.00 in a research note to investors on Wednesday, November 6th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.14.
Web.com Group has a 1-year low of $15.58 and a 1-year high of $33.70. The stock has a 50-day moving average of $31.20 and a 200-day moving average of $29.43. The company’s market cap is $1.639 billion.
Web.com Group (NASDAQ:WWWW) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.02. The company had revenue of $134.80 million for the quarter, compared to the consensus estimate of $134.21 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Web.com Group will post $2.11 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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