Web.com Group Given “Outperform” Rating at RBC Capital (WWWW)
Web.com Group (NASDAQ:WWWW)‘s stock had its “outperform” rating reiterated by equities researchers at RBC Capital in a research report issued on Friday, StockRatingsNetwork.com reports. They currently have a $34.00 price objective on the stock, down from their previous price objective of $41.00. RBC Capital’s target price points to a potential upside of 4.42% from the company’s current price.
Shares of Web.com Group (NASDAQ:WWWW) traded down 1.54% during mid-day trading on Friday, hitting $32.06. 1,097,854 shares of the company’s stock traded hands. Web.com Group has a 52 week low of $15.58 and a 52 week high of $34.40. The stock’s 50-day moving average is $31.95 and its 200-day moving average is $29.66. The company’s market cap is $1.579 billion.
Web.com Group (NASDAQ:WWWW) last announced its 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. On average, analysts predict that Web.com Group will post $2.48 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Web.com Group from $28.00 to $30.00 in a research note to investors on Friday. Separately, analysts at Craig Hallum downgraded shares of Web.com Group from a “buy” rating to a “hold” rating in a research note to investors on Friday. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Web.com Group has an average rating of “Buy” and a consensus price target of $33.57.
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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