Web.com Group Inc. (WEB) Coverage Initiated by Analysts at Cantor Fitzgerald
Research analysts at Cantor Fitzgerald assumed coverage on shares of Web.com Group Inc. (NASDAQ:WEB) in a report released on Wednesday, StockTargetPrices.com reports. The firm set a “hold” rating and a $20.00 price target on the stock. Cantor Fitzgerald’s target price points to a potential upside of 24.61% from the stock’s current price.
Web.com Group (NASDAQ:WEB) traded down 0.467% during midday trading on Wednesday, reaching $15.975. 176,647 shares of the company’s stock traded hands. Web.com Group has a 1-year low of $15.10 and a 1-year high of $25.00. The firm’s 50-day moving average is $17.41 and its 200-day moving average is $17.95. The company has a market capitalization of $787.44 million, a price-to-earnings ratio of 9.922 and a beta of 1.14.
An institutional investor recently bought a new position in Web.com Group stock. Herald Investment Management Ltd acquired a new stake in Web.com Group Inc. (NASDAQ:WEB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 250,000 shares of the company’s stock, valued at approximately $4,955,000. Web.com Group makes up about 2.1% of Herald Investment Management Ltd’s portfolio, making the stock its 15th largest position. Herald Investment Management Ltd owned 0.51% of Web.com Group at the end of the most recent quarter. 93.55% of the stock is owned by institutional investors and hedge funds.
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About Web.com Group
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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