Web.com Group Inc (NYSE:WEB) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a report released on Friday, Analyst Ratings Net 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. "
An institutional investor recently bought a new position in Web.com Group stock. Boston Advisors acquired a new stake in Web.com Group Inc (NYSE:WEB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 24,865 shares of the company's stock, valued at approximately $498,000.
Several other equities research analysts also recently issued reports on WEB. B. Riley restated a "buy" rating and issued a $30.00 price objective on shares of Web.com Group in a research note on Wednesday, February 17th. SunTrust decreased their price target 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. Piper Jaffray restated an "overweight" rating and set a $31.00 price objective on shares of Web.com Group in a report on Tuesday, January 5th. RBC Capital reaffirmed a "sector perform" rating and set a $25.00 price objective on shares of Web.com Group in a research report on Monday, February 8th. Finally, Deutsche Bank cut shares of Web.com Group from a "buy" rating to a "hold" rating and set a $19.00 target price for the company. in a research note on Tuesday, February 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $24.00.
Shares of Web.com Group (NYSE:WEB) traded up 1.51% on Friday, hitting $18.87. The stock had a trading volume of 154,716 shares. The firm has a 50 day moving average price of $17.85 and a 200-day moving average price of $21.00. The company has a market cap of $893.61 million and a price-to-earnings ratio of 10.97. Web.com Group has a 52 week low of $15.71 and a 52 week high of $26.04.
Web.com Group (NYSE:WEB) last released its earnings results on Thursday, February 11th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.03. The business earned $138.30 million during the quarter, compared to analyst estimates of $139.47 million. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. Analysts anticipate that Web.com Group will post $2.62 EPS for the current year.
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.
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Source: Web.com Group Inc (WEB) Downgraded to Sell at Zacks Investment Research
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