Web.com Group Inc (WEB) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 24

Web.com Group Inc (WEB) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $23 . RBC Capital Mkts advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Web.com Group Inc. Shares were Downgraded by Deutsche Bank on Feb 16, 2016 to ” Hold” and Lowered the Price Target to $ 19 from a previous price target of $31 .Shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Sector Perform” and Lowered the Price Target to $ 23 from a previous price target of $25 .Web.com Group Inc was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Feb 12, 2016.

On the company’s financial health, Web.com Group Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.61. The company had revenue of $153.40 million for the quarter, compared to analysts expectations of $152.24 million. The company’s revenue was up 11.4% compared to the same quarter last year.

In a different news, on Dec 14, 2015, Kevin M Carney (EVP/Chief Financial Officer) sold 50,000 shares at $22.78 per share price.

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.

Web.com Group Inc

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