Web.com Group Stock Rating Lowered by B. Riley (WWWW)
Web.com Group (NASDAQ:WWWW) was downgraded by B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $40.00 price target on the stock. B. Riley’s price target points to a potential upside of 15.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $34.44.
Web.com Group (NASDAQ:WWWW) traded down 21.16% during mid-day trading on Tuesday, hitting $27.279. 4,695,615 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 $1.373 billion.
Web.com Group (NASDAQ:WWWW) last announced its earnings results 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.
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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