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 Tuesday, AnalystRatings.Net reports. The brokerage currently has a $24.00 price target on the stock. Zacks's price objective indicates a potential upside of 12.36% 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. "
Shares of Web.com Group (NASDAQ:WWWW) traded up 0.28% during trading on Tuesday, hitting $21.36. The stock had a trading volume of 418,970 shares. The company's market cap is $1.08 billion. Web.com Group has a 12 month low of $14.52 and a 12 month high of $25.85. The stock has a 50 day moving average of $23.67 and a 200 day moving average of $21.22.
Web.com Group (NASDAQ:WWWW) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters consensus estimate of $0.57 by $0.03. The firm earned $135.70 million during the quarter, compared to the consensus estimate of $138.08 million. Equities analysts forecast that Web.com Group will post $2.40 EPS for the current fiscal year.
Several other equities analysts also recently weighed in on WWWW. Piper Jaffray restated an "overweight" rating and issued a $25.00 price objective on shares of Web.com Group in a research report on Thursday, April 30th. B. Riley upgraded Web.com Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $30.00 in a research report on Thursday, June 25th. Roth Capital boosted their price objective on Web.com Group from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. FBR & Co. reaffirmed a "buy" rating on shares of Web.com Group in a research note on Sunday, August 2nd. Finally, BWS Financial raised Web.com Group from a "hold" rating to a "buy" rating and set a $33.00 price objective on the stock in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assi gned a buy rating to the stock. The company has an average rating of "Buy" and an average price target of $27.27.
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 Internet Marketing Services. It gives Domain Name Services and Registration, such as domain name registration, transfers, renewals, expiration protection and privacy services. 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, like Website building and marketing solutions. It provides On-Line Marketing Services, like internet search engine Optimization (orSEO), search engine marketing, Leads by Web and renovation specialists. Web.com offers small businesses subscription-based alternatives, for example domains, hosting, Website design and management, internet search engine optimization, online marketing efforts, local sales leads, social networking, mobile produ cts and eCommerce solutions.
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Source: Web.com Group Upgraded to "Buy" by Zacks (WWWW)
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