Rightside Group, Ltd. (NAME) Earns Neutral Rating from B. Riley
Rightside Group, Ltd. (NASDAQ:NAME)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a research report issued to clients and investors on Wednesday. They currently have a $10.60 price target on the information services provider’s stock. B. Riley’s price target would suggest a potential downside of 0.09% from the stock’s current price.
Several other brokerages also recently commented on NAME. Zacks Investment Research raised shares of Rightside Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, May 16th. ValuEngine downgraded shares of Rightside Group from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th.
Shares of Rightside Group (NASDAQ:NAME) remained flat at $10.61 during midday trading on Wednesday. 1 shares of the company traded hands. The stock has a 50-day moving average price of $10.59 and a 200-day moving average price of $9.50. Rightside Group has a 1-year low of $7.17 and a 1-year high of $12.85.
Rightside Group (NASDAQ:NAME) last announced its quarterly earnings results on Tuesday, May 9th. The information services provider reported ($0.29) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.04. Rightside Group had a net margin of 30.40% and a negative return on equity of 24.26%. The firm had revenue of $14.43 million during the quarter, compared to the consensus estimate of $14.28 million. On average, equities analysts expect that Rightside Group will post ($0.91) earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of NAME. Bank of New York Mellon Corp increased its stake in Rightside Group by 166.5% in the second quarter. Bank of New York Mellon Corp now owns 33,472 shares of the information services provider’s stock worth $357,000 after buying an additional 20,913 shares in the last quarter. Parkwood LLC bought a new stake in Rightside Group during the second quarter worth about $250,000. Royal Bank of Canada increased its stake in Rightside Group by 0.8% in the first quarter. Royal Bank of Canada now owns 37,292 shares of the information services provider’s stock worth $300,000 after buying an additional 292 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Rightside Group during the first quarter worth about $386,000. Finally, Geode Capital Management LLC increased its stake in Rightside Group by 4.2% in the first quarter. Geode Capital Management LLC now owns 52,655 shares of the information services provider’s stock worth $423,000 after buying an additional 2,142 shares in the last quarter. 68.44% of the stock is owned by institutional investors.
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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