Web.com Group Given “Buy” Rating at Roth Capital (WWWW)

Roth Capital reiterated their buy rating on shares of Web.com Group (NASDAQ:WWWW) in a report released on Friday morning, Marketbeat.com reports.

Shares of Web.com Group (NASDAQ:WWWW) traded up 2.71% on Friday, hitting $23.47. 898,640 shares of the stock were exchanged. The stock's market cap is $1.18 billion. The stock's 50-day moving average is $22.35 and its 200-day moving average is $22.55. Web.com Group has a 1-year low of $14.52 and a 1-year high of $26.04.

Web.com Group (NASDAQ:WWWW) last released its earnings results on Thursday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.02. The company had revenue of $140.40 million for the quarter, compared to analyst estimates of $139.55 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm's revenue was down 2.4% on a year-over-year basis. Analysts forecast that Web.com Group will post $2.40 earnings per share for the current year.

A number of other research analysts also recently issued reports on the stock. B. Riley restated a buy rating and set a $30.00 price objective on shares of Web.com Group in a report on Friday. RBC Capital reiterated a sector perform rating and issued a $25.00 target price on shares of Web.com Group in a report on Monday. Zacks upgraded shares of Web.com Group from a sell rating to a hold rating in a research report on Monday, October 19th. Finally, Piper Jaffray reiterated a buy rating and set a $31.00 target price on shares of Web.com Group in a research report on Tuesday, September 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. The stock has a consensus rating of Hold and an average price target of $27.73.

Web.com Group, Inc. (NASDAQ:WWWW) provides a variety of Internet services to small businesses. The Organization 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 Registration and Services, 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 Boost by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions, such as Website building and marketing options. It offers Online Promotion Services, for example internet search engine optimization (SEO), search engine marketing, Leads by Web and renovation specialists. Web.com offers small businesses subscription-based options, including domain names, hosting, Website design and management, internet search engine optimization, online advertising efforts, local sales leads, social media, mobile produc ts and eCommerce solutions.

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Source: Web.com Group Given "Buy" Rating at Roth Capital (WWWW)