FBR Capital Markets Increases Web.com Group Price Target to $42.00 (WWWW)
Investment analysts at FBR Capital Markets hoisted their price objective on shares of Web.com Group (NASDAQ:WWWW) from $34.00 to $42.00 in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price would indicate a potential upside of 32.70% from the stock’s previous close.
Shares of Web.com Group (NASDAQ:WWWW) traded down 2.79% on Friday, hitting $31.65. 1,456,893 shares of the company’s stock traded hands. Web.com Group has a one year low of $15.58 and a one year high of $34.40. The stock has a 50-day moving average of $32.03 and a 200-day moving average of $29.69. The company’s market cap is $1.559 billion.
Web.com Group (NASDAQ:WWWW) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters 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.
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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