Web.com Group, Inc. (NASDAQ:WEB) has received a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $22.61.
WEB has been the topic of a number of recent research reports. Cantor Fitzgerald raised Web.com Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $24.00 in a research report on Monday, May 15th. ValuEngine raised Web.com Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 20th. B. Riley raised their price objective on Web.com Group to $31.00 and gave the company a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded Web.com Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays PLC assumed coverage on Web.com Group in a report on Tuesday, March 28th. They issued an “equal weight” rating and a $22.00 price target for the company.
In related news, insider Roseann Duran sold 10,000 shares of Web.com Group stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $23.04, for a total transaction of $230,400.00. Following the completion of the sale, the insider now owns 35,500 shares of the company’s stock, valued at $817,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.51% of the company’s stock.
Several large investors have recently added to or reduced their stakes in WEB. LSV Asset Management purchased a new stake in Web.com Group during the first quarter worth approximately $111,000. Invictus RG purchased a new stake in Web.com Group during the first quarter worth approximately $213,000. Acadian Asset Management LLC purchased a new stake in Web.com Group during the first quarter worth approximately $234,000. Karp Capital Management Corp purchased a new stake in Web.com Group during the first quarter worth approximately $250,000. Finally, Wedge Capital Management L L P NC increased its stake in Web.com Group by 14.7% in the first quarter. Wedge Capital Management L L P NC now owns 13,387 shares of the information services provider’s stock worth $258,000 after buying an additional 1,716 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Web.com Group (WEB) traded down 1.73% during trading on Tuesday, reaching $25.50. 108,767 shares of the company were exchanged. The firm’s 50 day moving average is $22.72 and its 200 day moving average is $20.36. Web.com Group has a 1-year low of $12.90 and a 1-year high of $25.95. The firm has a market capitalization of $1.25 billion, a P/E ratio of 127.50 and a beta of 0.94.
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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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