Rightside Group Ltd. (NAME) Trading Up 4%
Shares of Rightside Group Ltd. (NASDAQ:NAME) were up 4% during mid-day trading on Tuesday . The company traded as high as $8.64 and last traded at $8.58, with a volume of 65,885 shares changing hands. The stock had previously closed at $8.25.
A number of analysts have recently weighed in on NAME shares. Zacks Investment Research lowered Rightside Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Deutsche Bank AG upped their price objective on Rightside Group from $7.50 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Finally, B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of Rightside Group in a research report on Monday, August 15th.
The company’s market cap is $165.06 million. The firm has a 50 day moving average price of $10.20 and a 200-day moving average price of $9.59.
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Rightside Group (NASDAQ:NAME) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.09. The company earned $54.04 million during the quarter, compared to analyst estimates of $55.46 million. Rightside Group had a negative net margin of 6.90% and a negative return on equity of 10.66%. On average, equities research analysts forecast that Rightside Group Ltd. will post ($0.81) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC raised its position in Rightside Group by 1,879.4% in the second quarter. BlackRock Investment Management LLC now owns 45,248 shares of the company’s stock valued at $481,000 after buying an additional 42,962 shares during the period. Vanguard Group Inc. raised its position in Rightside Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 384,538 shares of the company’s stock valued at $4,092,000 after buying an additional 28,688 shares during the period. Nationwide Fund Advisors raised its position in Rightside Group by 78.6% in the second quarter. Nationwide Fund Advisors now owns 15,894 shares of the company’s stock valued at $169,000 after buying an additional 6,994 shares during the period. Emerald Acquisition Ltd. acquired a new position in Rightside Group during the second quarter valued at approximately $199,000. Finally, California State Teachers Retirement System acquired a new position in Rightside Group during the second quarter valued at approximately $259,000. 57.43% of the stock is owned by institutional investors and hedge funds.
Rightside Group Company Profile
Rightside Group, Ltd. is a provider of domain name services that enable businesses and consumers to find, establish and maintain their digital address. The Company is a registrar, offering domain name registration and other related services to resellers and domain name registrants. It provides infrastructure services through its eNom brand.
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