Web.com Group Hits New 1-Year Low at $19.33 (WWWW)
Web.com Group (NASDAQ:WWWW)’s share price hit a new 52-week low during mid-day trading on Thursday , AnalystRatings.NET reports. The stock traded as low as $19.33 and last traded at $19.35, with a volume of 179,359 shares changing hands. The stock had previously closed at $19.61.
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 investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.52.
The stock has a 50-day moving average of $23.23 and a 200-day moving average of $30.91. The company’s market cap is $972.5 million.
Web.com Group (NASDAQ:WWWW) last announced its 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.
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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