Web.com Group Reaches New 1-Year Low at $19.36 (WWWW)
Web.com Group (NASDAQ:WWWW)’s share price hit a new 52-week low on Friday , American Banking & Market News reports. The stock traded as low as $19.36 and last traded at $19.81, with a volume of 7,758,435 shares changing hands. The stock had previously closed at $26.55.
A number of research firms have recently commented on WWWW. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Web.com Group in a research note on Friday. They now have a $35.00 price target on the stock, down previously from $39.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Web.com Group in a research note on Friday. They now have a $21.00 price target on the stock, down previously from $30.00. Finally, analysts at BWS Financial downgraded shares of Web.com Group from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $24.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.82.
The stock has a 50-day moving average of $29.11 and a 200-day moving average of $32.61. The company’s market cap is $1.013 billion.
Web.com Group (NASDAQ:WWWW) last announced its earnings results on Thursday, July 31st. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. The company had revenue of $144.70 million for the quarter, compared to the consensus estimate of $146.90 million. During the same quarter last year, the company posted $0.51 earnings per share. Web.com Group’s revenue was up 10.1% 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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