Web.com Group Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:WWWW)
Shares of Web.com Group (NASDAQ:WWWW) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the stock, StockRatingsNetwork reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.44.
Shares of Web.com Group (NASDAQ:WWWW) traded down 20.95% during mid-day trading on Tuesday, hitting $27.35. 4,463,494 shares of the company’s stock traded hands. Web.com Group has a 52 week low of $22.72 and a 52 week high of $37.72. The stock’s 50-day moving average is $34.04 and its 200-day moving average is $33.20. The company’s market cap is $1.377 billion.
Web.com Group (NASDAQ:WWWW) last released its earnings data on Thursday, May 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $141.23 million for the quarter, compared to the consensus estimate of $140.91 million. During the same quarter last year, the company posted $0.48 earnings per share. Web.com Group’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Web.com Group will post $2.54 earnings per share for the current fiscal year.
WWWW has been the subject of a number of recent research reports. Analysts at B. Riley downgraded shares of Web.com Group from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $40.00 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of Web.com Group in a research note on Thursday, April 10th. They set a “neutral” rating and a $27.00 price target on the stock. Finally, analysts at Craig Hallum upgraded shares of Web.com Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. They now have a $40.00 price target on the stock, up previously from $34.00.
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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