Barclays Initiates Coverage On Web.com Group Inc to Equal-Weight with Price Target $22

Barclays Initiates Coverage On Web.com Group Inc(WEB). In a research note issued to the investors, the brokerage major Announces the price-target to $22 per share. The shares have been rated Equal-Weight. The rating by the stock financial advisor at Barclays was issued on Mar 28, 2017 in a research report to their Investors and Clients.

Web.com Group Inc (WEB) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.52% at a volume of 1,53,526. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.55. The peak price level was also seen at $19.55 while the days lowest was $18.95. Finally the shares closed at $19.05. The 52-week high of the shares is $22.5 while the 52-week low is $12.9. According to the latest information available, the market cap of the company is $959 M.

Web.com Group Inc(WEB) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $188.861M. Analysts had an estimated revenue of $187.450M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2017, Roseann Duran (Chief People Officer) sold 10,000 shares at $20.12 per share price.Also, On Mar 2, 2017, Hugh M Durden (director) sold 10,500 shares at $20.05 per share price.On Feb 17, 2017, Timothy I Maudlin (director) sold 39,274 shares at $20.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Web.com Group Inc. (Web.com) provides a range of Internet services to small businesses. The Company 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 Registration and Services such as domain name registration transfers renewals expiration protection and privacy services. It offers Do-It-For-Me (DIFM) Web Solutions such as custom Website Ignite Facebook Boost by Web.com and eCommerce. It offers Do-It-Yourself Web Solutions such as Website building and marketing solutions. It offers Online Marketing Services such as search engine optimization (SEO) search engine marketing Leads by Web and renovation experts. Web.com offers small businesses subscription-based solutions such as domains hosting Website design and management search engine optimization online marketing campaigns local sales leads social media mobile products and eCommerce solutions.

Add Comment