Web.com Group Given Consensus Rating of “Hold” by Analysts (NASDAQ:WWWW)
Shares of Web.com Group (NASDAQ:WWWW) have been given a consensus rating of “Hold” by the twelve analysts that are covering the stock, American Banking News reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $31.52.
Shares of Web.com Group (NASDAQ:WWWW) opened at 19.90 on Tuesday. Web.com Group has a one year low of $19.36 and a one year high of $37.72. The stock’s 50-day moving average is $26.68 and its 200-day moving average is $32.0. The company’s market cap is $1.011 billion.
Web.com Group (NASDAQ:WWWW) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Web.com Group will post $2.46 EPS for the current fiscal year.
WWWW has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Web.com Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $18.70 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Web.com Group in a research note on Friday, August 1st. They now have a $35.00 price target on the stock, down previously from $39.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Web.com Group in a research note on Friday, August 1st. They now have a $21.00 price target on the stock, down previously from $30.00.
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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