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Web.com Group (NASDAQ:WWWW) shares fell 3% during trading on Thursday following insider selling activity, AR Network reports. The stock traded as low as $19.71 and last traded at $19.89, with a volume of 447,236 shares changing hands. The stock had previously closed at $20.50.

Specifically, CEO David Brown sold 114,437 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $20.05, for a total value of $2,294,461.85. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.52.

The stock’s 50-day moving average is $25.64 and its 200-day moving average is $31.81. The company’s market cap is $1.011 billion.

Web.com Group (NASDAQ:WWWW) last released its earnings data 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. On average, analysts predict that Web.com Group will post $2.46 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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