Web.com Group Inc (WEB) Upgraded by Zacks Investment Research to “Buy”

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Zacks Investment Research upgraded shares of Web.com Group Inc (NYSE:WEB) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $23.00 price objective on the stock.

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. "

WEB has been the topic of several other reports. B. Riley reissued a buy rating and issued a $30.00 price target on shares of Web.com Group in a report on Monday, December 21st. SunTrust decreased their target price on shares of Web.com Group from $26.00 to $23.00 and set a neutral rating on the stock in a research report on Wednesday, December 30th.

Web.com Group (NYSE:WEB) opened at 19.86 on Wednesday. The company has a market capitalization of $993.68 million and a price-to-earnings ratio of 236.43. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00. Web.com Group has a 1-year low of $19.21 and a 1-year high of $20.08.

In related news, CFO Kevin M. Carney sold 50,000 shares of the stock in a transaction that occurred on Monday, December 14th. The shares were sold at an average price of $22.82, for a total transaction of $1,141,000.00. Following the sale, the chief financial officer now owns 166,655 shares in the company, valued at approximately $3,803,067.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Web.com Group, Inc. (NYSE:WEB) 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.document.write ('');

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Source: Web.com Group Inc (WEB) Upgraded by Zacks Investment Research to "Buy"