Web.com Group Price Target Raised to $42.00 at Northland Capital Partners (WWWW)
Equities researchers at Northland Capital Partners raised their price objective on shares of Web.com Group (NASDAQ:WWWW) from $34.00 to $42.00 in a research report issued on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target indicates a potential upside of 32.70% from the company’s current price.
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 52-week low of $15.58 and a 52-week high of $34.40. The stock’s 50-day moving average is $32.03 and its 200-day moving average is $29.69. The company’s market cap is $1.559 billion.
Web.com Group (NASDAQ:WWWW) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Web.com Group will post $2.11 earnings per share for the current fiscal year.
Separately, 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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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