Web.com Group Inc (WEB) was Initiated by Cantor Fitzgerald to “Hold” and the brokerage firm has set the Price Target at $20. Cantor Fitzgerald advised their investors in a research report released on Oct 19, 2016.
On the company’s financial health, Web.com Group Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.59. The company had revenue of $193.90 million for the quarter, compared to analysts expectations of $194.12 million. The company’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
In a different news, on Jun 17, 2016, Jason Teichman (Chief Operating Officer) sold 30,000 shares at $17.45 per share price. According to the SEC, on May 18, 2016, John Giuliani (director) purchased 14,000 shares at $16.52 per share price. On Dec 14, 2015, Kevin M Carney (EVP/Chief Financial Officer) sold 50,000 shares at $22.78 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.