Web.com Group, Inc. (NASDAQ:WEB) will post its quarterly earnings results after the market closes on Thursday, August 3rd. Analysts expect Web.com Group to post earnings of $0.71 per share for the quarter.
Shares of Web.com Group, Inc. (NASDAQ WEB) opened at 22.15 on Monday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 110.75 and a beta of 0.94. Web.com Group, Inc. has a one year low of $12.90 and a one year high of $25.95. The company has a 50-day moving average price of $23.70 and a 200 day moving average price of $20.92.
WEB has been the subject of several research reports. Cantor Fitzgerald upgraded shares of Web.com Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $20.00 to $24.00 in a research note on Monday, May 15th. ValuEngine upgraded shares of Web.com Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 20th. B. Riley increased their target price on shares of Web.com Group to $31.00 and gave the company a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Web.com Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BidaskClub cut shares of Web.com Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Web.com Group presently has a consensus rating of “Buy” and an average price target of $22.71.
In related news, insider Roseann Duran sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $23.04, for a total value of $230,400.00. Following the completion of the transaction, the insider now owns 35,500 shares of the company’s stock, valued at $817,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.51% of the company’s stock.
About Web.com Group
Web.com Group, Inc provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions, including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions.
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