The Web.com Group Inc (WEB) Announces Earnings Results, Misses Estimates By $0.64 EPS, Report finds

The Web.com Group Inc (WEB) Announces  Earnings Results, Misses Estimates By $0.64 EPS, Report finds

Web.com Group (NYSE:WEB) traded up 2.60% during trading on Thursday, reaching $19.75. 505,332 shares of the company were exchanged. Web.com Group has a 52-week low of $12.90 and a 52-week high of $21.20. The firm has a market cap of $972.11 million and a price-to-earnings ratio of 12.81. The firm has a 50-day moving average of $19.86 and a 200-day moving average of $17.73.

Web.com Group Inc (NYSE:WEB) released its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.68 by $0.64. The company earned $187.20 million during the quarter, compared to the consensus estimate of $187.45 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. Web.com Group’s revenue was up 33.6% compared to the same quarter last year.

Several equities research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $24.00 price objective on shares of Web.com Group in a research report on Saturday, December 17th. BWS Financial increased their price objective on Web.com Group from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Web.com Group in a research report on Monday. RBC Capital Markets set a $20.00 price objective on Web.com Group and gave the company a “hold” rating in a research report on Monday. Finally, J P Morgan Chase & Co raised Web.com Group from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Monday, December 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.78.

In related news, insider Roseann Duran sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $18.29, for a total transaction of $182,900.00. Following the completion of the transaction, the insider now owns 59,957 shares in the company, valued at $1,096,613.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Web.com Group Company Profile

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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