Web.com Group (NASDAQ:WWWW) was upgraded by Zacks from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a $24.00 price target on the stock. Zacks's price target indicates a potential upside of 11.52% from the company's current price.
According to Zacks, "WEB.COM GROUP, INC. is a leading provider of online marketing for small businesses. Web.com offers a full range of online services, including Internet marketing and advertising, local search, search engine marketing, search engine optimization, lead generation, home contractor specific leads, website design and publishing, logo and brand development, and eCommerce solutions, meeting the needs of small businesses anywhere along their lifecycle. "
WWWW has been the subject of several other research reports. 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. Deutsche Bank upgraded Web.com Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $18.00 to $28.00 in a research note on Monday, May 11th. Piper Jaffray reaffirmed a "buy" rating and set a $32.00 price objective on shares of Web.com Group in a research report on Thursday, August 13th. Citigroup Inc. cut Web.com Group from a "buy" rating to a "neutral" rating and set a $24.00 price target on the stock. in a report on Tuesday, June 23rd. Finally, FBR & Co. set a $25.00 price objective on Web.com Group and gave the stock a "buy" rating in a report on Monday, June 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. Web.com Group presently has an average rating of "Buy" and a consensus target price of $27.27.
Shares of Web.com Group (NASDAQ:WWWW) traded down 9.47% during mid-day trading on Wednesday, reaching $21.52. 1,432,935 shares of the company's stock traded hands. Web.com Group has a 12 month low of $14.52 and a 12 month high of $25.85. The stock's market cap is $1.08 billion. The firm has a 50 day moving average price of $23.93 and a 200-day moving average price of $21.02.
Web.com Group (NASDAQ:WWWW) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $135.70 million for the quarter, compared to analysts' expectations of $138.08 million. On average, analysts predict that Web.com Group will post $2.40 earnings per share for the current fiscal year.
Web.com Group, Inc. (NASDAQ:WWWW) supplies 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 Services and Registration, like privacy services and domain name registration, transfers, renewals, expiration protection. It offers Do-It-For-Me (DIFM) Web Solutions, for example custom Website, Ignite, Facebook Increase by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions, for example marketing solutions and Website construction. It offers On-Line Advertising Services, such as search engine Optimization (orSEO), search engine marketing, Leads by Web and renovation specialists. Web.com offers small businesses subscription-based options, such as domains, hosting, Website design and management, internet search engine optimization, online advertising campaigns, local sales leads, social networking, cellular product s and eCommerce solutions.
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Source: Web.com Group Lifted to "Buy" at Zacks (WWWW)
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