Web.com Group Sees Large Volume Increase Following Analyst Upgrade (WWWW)

Web.com Group (NASDAQ:WWWW) saw unusually-high trading volume on Monday after Roth Capital raised their price target on the stock from $27.00 to $28.00, Market Beat Ratings reports. Roth Capital currently has a buy rating on the stock. Approximately 600,214 shares traded hands during mid-day trading, an increase of 35% from the previous session's volume of 443,027 shares.The stock last traded at $25.00 and had previously closed at $24.89.

A number of other equities research analysts have also recently commented on WWWW. B. Riley reissued a "buy" rating and issued a $30.00 price objective on shares of Web.com Group in a report on Wednesday, July 29th. Piper Jaffray reaffirmed an "overweight" rating and set a $32.00 target price on shares of Web.com Group in a report on Wednesday, July 29th. Deutsche Bank reissued a "buy" rating and issued a $30.00 price objective (up from $28.00) on shares of Web.com Group in a report on Friday. FBR & Co. restated a "buy" rating on shares of Web.com Group in a research report on Sunday. Finally, BWS Financial upgraded Web.com Group from a "hold" rating to a "buy" rating and set a $33.00 price objective on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of "Hold" and an ave rage price target of $27.64.

The company has a 50-day moving average of $23.59 and a 200-day moving average of $20.41. The company's market capitalization is $1.28 billion.

Web.com Group (NASDAQ:WWWW) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.03. The business had revenue of $135.70 million for the quarter, compared to the consensus estimate of $138.08 million. Equities analysts anticipate that Web.com Group will post $2.38 earnings per share for the current fiscal year.

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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