Web.com Group Inc (WEB) Given Average Recommendation of “Hold” by Brokerages

Web.com Group Inc (NASDAQ:WEB) has received an average rating of “Hold” from the eleven brokerages that are presently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $22.05.

WEB has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Web.com Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Cantor Fitzgerald raised shares of Web.com Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $20.00 to $24.00 in a research report on Monday, May 15th. B. Riley reissued a “buy” rating and issued a $24.00 target price on shares of Web.com Group in a research report on Wednesday, May 10th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $25.50 target price (up previously from $21.50) on shares of Web.com Group in a research report on Thursday, February 16th.

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In other news, Director Hugh M. Durden sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $20.05, for a total value of $210,525.00. Following the completion of the transaction, the director now owns 83,164 shares of the company’s stock, valued at $1,667,438.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Roseann Duran sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $20.12, for a total value of $201,200.00. Following the completion of the transaction, the insider now directly owns 63,517 shares of the company’s stock, valued at approximately $1,277,962.04. The disclosure for this sale can be found here. 7.51% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEB. Tensile Capital Management LLC increased its position in Web.com Group by 7.8% in the third quarter. Tensile Capital Management LLC now owns 461,690 shares of the information services provider’s stock valued at $7,973,000 after buying an additional 33,338 shares in the last quarter. Tudor Investment Corp Et Al increased its stake in Web.com Group by 146.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 46,075 shares of the information services provider’s stock worth $974,000 after buying an additional 27,350 shares in the last quarter. Rothschild Asset Management Inc. increased its stake in Web.com Group by 8.7% in the third quarter. Rothschild Asset Management Inc. now owns 735,581 shares of the information services provider’s stock worth $12,703,000 after buying an additional 58,612 shares in the last quarter. Sei Investments Co. increased its stake in Web.com Group by 1.9% in the third quarter. Sei Investments Co. now owns 120,482 shares of the information services provider’s stock worth $2,081,000 after buying an additional 2,258 shares in the last quarter. Finally, Blue Clay Capital Management LLC increased its stake in Web.com Group by 32.5% in the third quarter. Blue Clay Capital Management LLC now owns 29,750 shares of the information services provider’s stock worth $514,000 after buying an additional 7,300 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

Web.com Group (NASDAQ:WEB) last issued its earnings results on Thursday, May 4th. The information services provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.54. The firm had revenue of $186.80 million for the quarter, compared to analyst estimates of $182.86 million. Web.com Group had a return on equity of 50.70% and a net margin of 0.56%. Web.com Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share.

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.

12 Month Chart for NASDAQ:WEB

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