Web.com Group, Inc. (NASDAQ:WEB) insider Roseann Duran sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $23.04, for a total transaction of $230,400.00. Following the completion of the transaction, the insider now owns 35,500 shares in the company, valued at $817,920. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Web.com Group, Inc. (NASDAQ:WEB) traded down 0.64% during mid-day trading on Friday, reaching $23.25. 389,850 shares of the company’s stock traded hands. The firm has a market cap of $1.14 billion, a PE ratio of 116.25 and a beta of 1.03. Web.com Group, Inc. has a 1-year low of $12.90 and a 1-year high of $24.85. The firm has a 50 day moving average of $22.02 and a 200 day moving average of $19.92.
Web.com Group (NASDAQ:WEB) last released its quarterly earnings data on Thursday, May 4th. The information services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.54. Web.com Group had a net margin of 1.35% and a return on equity of 39.79%. The company had revenue of $186.80 million during the quarter, compared to analyst estimates of $182.86 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. Web.com Group’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts forecast that Web.com Group, Inc. will post $2.99 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in WEB. State Street Corp increased its position in Web.com Group by 7.1% in the fourth quarter. State Street Corp now owns 796,920 shares of the information services provider’s stock valued at $16,856,000 after buying an additional 52,924 shares in the last quarter. Royce & Associates LP bought a new position in Web.com Group during the fourth quarter valued at approximately $5,015,000. Zebra Capital Management LLC increased its position in Web.com Group by 60.8% in the fourth quarter. Zebra Capital Management LLC now owns 65,804 shares of the information services provider’s stock valued at $1,392,000 after buying an additional 24,882 shares in the last quarter. Menta Capital LLC increased its position in Web.com Group by 65.8% in the fourth quarter. Menta Capital LLC now owns 234,069 shares of the information services provider’s stock valued at $4,951,000 after buying an additional 92,857 shares in the last quarter. Finally, Polaris Capital Management LLC increased its position in Web.com Group by 37.0% in the fourth quarter. Polaris Capital Management LLC now owns 1,587,574 shares of the information services provider’s stock valued at $33,577,000 after buying an additional 429,100 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.
WEB has been the topic of a number of research analyst reports. ValuEngine lowered shares of Web.com Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 27th. B. Riley reiterated a “buy” rating and issued a $24.00 target price on shares of Web.com Group in a research note on Wednesday, May 10th. Barclays PLC initiated coverage on shares of Web.com Group in a research note on Tuesday, March 28th. They issued an “equal weight” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded shares of Web.com Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $25.50 target price (up from $21.50) on shares of Web.com Group in a research note on Thursday, February 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Web.com Group currently has an average rating of “Buy” and an average target price of $21.86.
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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