Web.com Group (NASDAQ:WWWW) was upgraded by Zacks from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, ARN reports.
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. B. Riley restated a "buy" rating and set a $30.00 target price on shares of Web.com Group in a research report on Wednesday, July 29th. Citigroup Inc. lowered 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. RBC Capital reissued a "sector perform" rating and issued a $20.00 price objective on shares of Web.com Group in a research note on Monday, July 27th. Deutsche Bank reaffirmed a "buy" rating and set a $30.00 price target (up from $28.00) on shares of Web.com Group in a research report on Friday, July 31st. Finally, FBR & Co. raised their target price on Web.com Group from $25.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of "Hold" and a consensus price target of $27.27.
Web.com Group (NASDAQ:WWWW) traded up 1.62% during midday trading on Monday, reaching $23.17. The company had a trading volume of 344,211 shares. Web.com Group has a 12-month low of $14.52 and a 12-month high of $26.04. The company's market capitalization is $1.17 billion. The stock has a 50-day moving average price of $22.04 and a 200 day moving average price of $22.38.
Web.com Group (NASDAQ:WWWW) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company earned $135.70 million during the quarter, compared to analyst estimates of $138.08 million. Equities analysts forecast that Web.com Group will post $2.40 EPS for the current year.
Web.com Group, Inc. (NASDAQ:WWWW) supplies a range of Internet services to small businesses. The Business 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, such as privacy services and domain name registration, transfers, renewals, expiration protection. It offers Do-It-For-Me (DIFM) Web Solutions, such as custom Website, Ignite, Facebook Increase by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions, like advertising alternatives and Website building. It provides Online Advertising Services, such as internet search engine optimization (SEO), search engine marketing, Leads by Web and renovation specialists. Web.com offers small businesses subscription-based alternatives, such as domain names, hosting, Website design and management, SEO, online marketing campaigns, local sales leads, social media, cellular products and eCommerce solutions.
To get a free copy of the research report on Web.com Group (WWWW), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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Source: Web.com Group Upgraded by Zacks to Hold (WWWW)
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