Web.com Group Inc (NYSE:WEB) has received a consensus broker rating score of 1.64 (Buy) from the eleven brokers that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and seven have given a strong buy rating to the company. Web.com Group’s rating score has declined by 9.3% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $25.10 for the company and are anticipating that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Web.com Group an industry rank of 171 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Web.com Group in a research report on Wednesday, August 10th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Web.com Group in a research report on Sunday, June 26th. Zacks Investment Research upgraded shares of Web.com Group from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, July 7th. RBC Capital Markets reiterated a “hold” rating and issued a $23.00 price target on shares of Web.com Group in a research report on Sunday, August 7th. Finally, Deutsche Bank AG dropped their price target on shares of Web.com Group from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, August 5th.
Shares of Web.com Group (NYSE:WEB) opened at 16.30 on Friday. Web.com Group has a 52 week low of $15.10 and a 52 week high of $25.00. The firm’s 50-day moving average price is $17.48 and its 200 day moving average price is $18.02. The company has a market cap of $803.46 million and a P/E ratio of 10.12.
Web.com Group (NYSE:WEB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $193.90 million for the quarter, compared to analyst estimates of $194.14 million. The company’s revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. On average, equities analysts predict that Web.com Group will post $2.61 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new position in shares of Web.com Group during the second quarter worth about $63,886,000. Okumus Fund Management Ltd. boosted its position in shares of Web.com Group by 36.2% in the second quarter. Okumus Fund Management Ltd. now owns 9,560,033 shares of the company’s stock worth $173,801,000 after buying an additional 2,543,431 shares during the period. BlackRock Institutional Trust Company N.A. bought a new stake in Web.com Group during the second quarter worth $33,859,000. Dimensional Fund Advisors LP bought a new stake in Web.com Group during the second quarter worth $32,328,000. Finally, Glenmede Trust Co. NA bought a new stake in Web.com Group during the second quarter worth $28,066,000.
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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