The stock of Web.com Group Inc (NASDAQ:WEB) is a huge mover today! About 1.16M shares traded hands or 367.21% 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.
The move comes after 8 months negative chart setup for the $672.59M company. It was reported on Nov, 4 by Barchart.com. We have $12.19 PT which if reached, will make NASDAQ:WEB worth $60.53 million less.
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. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, February 16. Cantor Fitzgerald initiated it with “Hold” rating and $20 target price in Wednesday, October 19 report. The stock of Web.com Group Inc (NASDAQ:WEB) earned “Neutral” rating by Suntrust Robinson on Wednesday, December 30. The firm has “Buy” rating given on Friday, February 12 by Suntrust Robinson. The stock has “Hold” rating given by Suntrust Robinson on Friday, November 4. RBC Capital Markets maintained Web.com Group Inc (NASDAQ:WEB) on Friday, May 6 with “Sector Perform” rating. The firm has “Buy” rating by Craig Hallum given on Tuesday, January 19.
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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