Web.com Group (NASDAQ:WWWW) rose 8.1% during mid-day trading on Friday after the company announced better than expected quarterly earnings, MarketBeat Ratings reports. The company traded as high as $25.85 and last traded at $24.96, with a volume of 1,030,247 shares traded. The stock had previously closed at $23.08.
The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $135.70 million for the quarter, compared to analyst estimates of $138.08 million.
WWWW has been the subject of a number of research reports. Deutsche Bank boosted their price objective on Web.com Group from $28.00 to $30.00 and gave the company a "buy" rating in a report on Friday. FBR & Co. upped their price target on Web.com Group from $25.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday. Piper Jaffray reiterated an "overweight" rating and set a $32.00 price objective on shares of Web.com Group in a research note on Wednesday. B. Riley restated a "buy" rating and issued a $30.00 price target on shares of Web.com Group in a research report on Wednesday. Finally, RBC Capital reiterated a "sector perform" rating and issued a $20.00 price objective on shares of Web.com Group in a report on Monday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of "Hold" and an average tar get price of $25.92.
The company's 50-day moving average is $23.52 and its 200-day moving average is $20.31. The firm's market cap is $1.27 billion.
Web.com Group, Inc. (NASDAQ:WWWW) provides a range of Internet services to small businesses. The Company offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. It offers Domain Name Registration and Services, such as domain name registration, transfers, renewals, expiration protection and privacy services. It offers Do-It-For-Me (DIFM) Web Solutions, such as custom Website, Ignite, Facebook Boost by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions, such as Website building and marketing solutions. It offers Online Marketing Services, such as search engine optimization (SEO), search engine marketing, Leads by Web and renovation experts. Web.com offers small businesses subscription-based solutions, such as domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions.
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Source: Web.com Group Stock Price Up 8.1% Following Strong Earnings (WWWW)
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