Web.com Group CEO David Brown Sells 114,437 Shares (WWWW)
Web.com Group (NASDAQ:WWWW) CEO David Brown sold 114,437 shares of Web.com Group stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $20.05, for a total value of $2,294,461.85. Following the completion of the transaction, the chief executive officer now directly owns 890,126 shares of the company’s stock, valued at approximately $17,847,026. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Web.com Group (NASDAQ:WWWW) traded up 2.86% during mid-day trading on Wednesday, hitting $20.50. 647,181 shares of the company’s stock traded hands. Web.com Group has a one year low of $19.36 and a one year high of $37.72. The stock has a 50-day moving average of $25.64 and a 200-day moving average of $31.81. The company’s market cap is $1.042 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. 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, August 6th. 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.52.
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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