Web.com Group Inc (WEB) Now Covered by Analysts at Cantor Fitzgerald
Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Web.com Group Inc (NYSE:WEB) in a report released on Tuesday, The Fly reports. The brokerage set a “hold” rating on the stock.
Several other research firms have also recently weighed in on WEB. B. Riley reaffirmed a “buy” rating and issued a $30.00 price target on shares of Web.com Group in a report on Friday, August 5th. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $27.00 price target on shares of Web.com Group in a report on Friday, August 5th. Zacks Investment Research cut shares of Web.com Group from a “buy” rating to a “hold” rating in a report on Saturday, July 9th. RBC Capital Markets reaffirmed a “hold” rating and issued a $23.00 price target on shares of Web.com Group in a report on Sunday, August 7th. Finally, Deutsche Bank AG decreased their price target on shares of Web.com Group from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.40.
Shares of Web.com Group (NYSE:WEB) remained flat at $16.05 on Tuesday. The stock had a trading volume of 285,152 shares. The stock has a market capitalization of $791.14 million and a price-to-earnings ratio of 9.97. Web.com Group has a 1-year low of $15.10 and a 1-year high of $25.00. The company’s 50 day moving average price is $17.44 and its 200 day moving average price is $17.97.
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Web.com Group (NYSE:WEB) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The firm earned $193.90 million during the quarter, compared to the consensus estimate of $194.14 million. The company’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Analysts predict that Web.com Group will post $2.61 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC purchased a new position in Web.com Group during the second quarter worth approximately $102,000. Teacher Retirement System of Texas purchased a new position in Web.com Group during the second quarter worth approximately $110,000. Great West Life Assurance Co. Can purchased a new position in Web.com Group during the second quarter worth approximately $125,000. Quantbot Technologies LP purchased a new position in Web.com Group during the second quarter worth approximately $155,000. Finally, ClariVest Asset Management LLC purchased a new position in Web.com Group during the second quarter worth approximately $165,000.
Web.com Group Company Profile
Web.com Group, Inc provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.
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