Web.com Group (NASDAQ:WWWW) was downgraded by Zacks from a "buy" rating to a "sell" rating in a research note issued on Wednesday, AnalystRatings.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. "
Other equities research analysts have also recently issued research reports about the company. B. Riley started coverage on Web.com Group in a research report on Tuesday, June 30th. They issued a "buy" rating and a $30.00 price objective for the company. Piper Jaffray reissued a "buy" rating and issued a $31.00 target price on shares of Web.com Group in a report on Tuesday. RBC Capital reaffirmed a "sector perform" rating and set a $20.00 price objective on shares of Web.com Group in a research note on Monday, July 27th. FBR & Co. reissued a "buy" rating on shares of Web.com Group in a research note on Sunday, August 2nd. Finally, Deutsche Bank restated a "buy" rating and issued a $30.00 price objective (up from $28.00) on shares of Web.com Group in a report on Friday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Web.com Group currentl y has an average rating of "Hold" and an average price target of $27.27.
Shares of Web.com Group (NASDAQ:WWWW) traded up 2.23% during midday trading on Wednesday, reaching $21.08. 359,430 shares of the company's stock traded hands. The company's market capitalization is $1.06 billion. The stock's 50 day moving average is $22.24 and its 200-day moving average is $22.00. Web.com Group has a 52 week low of $14.52 and a 52 week high of $26.04.
Web.com Group (NASDAQ:WWWW) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.03. The firm earned $135.70 million during the quarter, compared to analyst estimates of $138.08 million. On average, analysts forecast that Web.com Group will post $2.40 earnings per share for the current fiscal year.
Web.com Group, Inc. (NASDAQ:WWWW) supplies a range of Internet services to small businesses. The Business offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do It Yourself Web Solutions and Online Marketing Services. It offers Domain Name Services and Registration, like privacy services and domain name registration, transfers, renewals, expiration protection. It offers Do-It-For-Me (DIFM) Web Solutions, for example custom Website, Ignite, Facebook Boost by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions, for example Website building and marketing solutions. It offers On-Line Marketing Services, for example search engine optimization (SEO), search engine marketing, Leads by Web and renovation experts. Web.com offers small businesses subscription-based solutions, for example domain names, hosting, Website design and management, search engine optimization, online marketing efforts, local sales leads, social networking, mobile products and eCommerc e solutions.
To get a free copy of the research report on Web.com Group (WWWW), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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Source: Web.com Group Downgraded to Sell at Zacks (WWWW)
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