Exclusive: Web.com Group Inc Can’t Burn Your Short Portfolio. Just Reaches 1 Year Low

Exclusive: Web.com Group Inc Can't Burn Your Short Portfolio. Just Reaches 1 Year Low

The stock of Web.com Group Inc (NASDAQ:WEB) hit a new 52-week low and has $12.51 target or 5.00% below today’s $13.17 share price. The 9 months bearish chart indicates high risk for the $661.13M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $12.51 price target is reached, the company will be worth $33.06 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 489,884 shares traded hands or 97.31% up from the average. Web.com Group Inc (NASDAQ:WEB) has declined 19.97% since April 4, 2016 and is downtrending. It has underperformed by 21.06% the S&P500.

Web.com Group Inc (NASDAQ:WEB) Ratings Coverage

Out of 4 analysts covering Web.com Group (NASDAQ:WEB), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Web.com Group has been the topic of 7 analyst reports since December 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Web.com Group Inc (NASDAQ:WEB) on Tuesday, February 16 with “Sector Perform” rating. The firm has “Hold” rating by Cantor Fitzgerald given on Wednesday, October 19. On Friday, May 6 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock has “Buy” rating given by Suntrust Robinson on Friday, February 12. The rating was upgraded by Craig Hallum to “Buy” on Tuesday, January 19. The stock of Web.com Group Inc (NASDAQ:WEB) earned “Neutral” rating by Suntrust Robinson on Wednesday, December 30. The company was downgraded on Friday, November 4 by Suntrust Robinson.

According to Zacks Investment Research, “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.”

Another recent and important Web.com Group Inc (NASDAQ:WEB) news was published by Globenewswire.com which published an article titled: “Web.com Group, Inc. (Nasdaq: WEB) to Ring The Nasdaq Stock Market Closing Bell” on August 26, 2016.

WEB Company Profile

Web.com Group, Inc., incorporated on March 2, 1999, provides a range of Internet services to small businesses. The Firm operates through Web services and products segment. The Firm offers subscription 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. The Firm offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Firm offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Firm offers directory listings, which is an online search directory that gives businesses online exposure.

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