Trade Report: Today, Rightside Group Ltd. (NAME) Given Average Recommendation of “Strong Buy” by Brokerages

Today, Rightside Group Ltd. (NAME) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of Rightside Group Ltd. (NASDAQ:NAME) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating. Rightside Group’s rating score has improved by 50% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a 12-month consensus price objective of $15.00 for the company and are forecasting that the company will post ($0.21) earnings per share for the current quarter, according to Zacks. Zacks has also given Rightside Group an industry rank of 102 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on NAME shares. B. Riley reaffirmed a “buy” rating and issued a $15.00 price target on shares of Rightside Group in a report on Wednesday, August 10th. Zacks Investment Research raised Rightside Group from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Saturday, November 12th. Finally, Deutsche Bank AG increased their price target on Rightside Group from $7.50 to $11.00 and gave the company a “hold” rating in a report on Wednesday, August 10th.

A number of large investors have recently bought and sold shares of the company. State Street Corp acquired a new stake in Rightside Group during the second quarter valued at about $1,040,000. Teachers Advisors Inc. acquired a new stake in Rightside Group during the second quarter valued at about $199,000. Diversified Investment Strategies LLC boosted its stake in Rightside Group by 5.6% in the second quarter. Diversified Investment Strategies LLC now owns 275,920 shares of the company’s stock valued at $2,936,000 after buying an additional 14,710 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Rightside Group by 103.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 144,477 shares of the company’s stock valued at $1,537,000 after buying an additional 73,597 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Rightside Group by 745.4% in the second quarter. BlackRock Fund Advisors now owns 304,994 shares of the company’s stock valued at $3,245,000 after buying an additional 268,917 shares during the period. 57.15% of the stock is owned by institutional investors.

Shares of Rightside Group (NASDAQ:NAME) opened at 8.60 on Monday. The stock’s market capitalization is $167.03 million. Rightside Group has a one year low of $7.16 and a one year high of $12.85. The firm has a 50 day moving average price of $8.34 and a 200 day moving average price of $9.56.

Rightside Group Company Profile

Rightside Group, Ltd. is a provider of domain name services that enable businesses and consumers to find, establish and maintain their digital address. The Company is a registrar, offering domain name registration and other related services to resellers and domain name registrants. It provides infrastructure services through its eNom brand.

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