Craig Hallum Downgrades Web.com Group to Hold (WWWW)
Web.com Group (NASDAQ:WWWW) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Friday, Stock Ratings Network.com reports.
Shares of Web.com Group (NASDAQ:WWWW) opened at 32.56 on Friday. Web.com Group has a 52-week low of $15.58 and a 52-week high of $34.40. The stock has a 50-day moving average of $31.95 and a 200-day moving average of $29.66. The company’s market cap is $1.603 billion.
Web.com Group (NASDAQ:WWWW) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.02. The company had revenue of $131.10 million for the quarter, compared to the consensus estimate of $139.47 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Web.com Group will post $2.11 EPS for the current fiscal year.
A number of other firms have also recently commented on WWWW. Analysts at RBC Capital raised their price target on shares of Web.com Group from $34.00 to $41.00 in a research note to investors on Friday. Separately, analysts at Northland Capital Partners raised their price target on shares of Web.com Group from $34.00 to $42.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Web.com Group from $34.00 to $42.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Web.com Group currently has an average rating of “Buy” and a consensus target price of $34.29.
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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