Stock analysts at Cantor Fitzgerald initiated coverage on shares of Group Inc. (NASDAQ:WEB) in a research note issued on Wednesday, reports. The brokerage set a “hold” rating and a $20.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 24.61% from the stock’s previous close.

Analyst Recommendations for Group (NASDAQ:WEB) Group (NASDAQ:WEB) opened at 16.05 on Wednesday. Group has a 12-month low of $15.10 and a 12-month high of $25.00. The stock has a market capitalization of $791.14 million, a price-to-earnings ratio of 9.97 and a beta of 1.14. The stock’s 50 day moving average is $17.41 and its 200 day moving average is $17.94.

An institutional investor recently bought a new position in Group stock. Phocas Financial Corp. purchased a new position in shares of Group Inc. (NASDAQ:WEB) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 183,535 shares of the company’s stock, valued at approximately $3,638,000. Phocas Financial Corp. owned 0.37% of Group as of its most recent SEC filing. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

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