Rightside Group Ltd. (NASDAQ:NAME)‘s stock had its “buy” rating reaffirmed by research analysts at B. Riley in a research report issued on Wednesday. They presently have a $15.00 price objective on the stock. B. Riley’s price target points to a potential upside of 74.42% from the company’s previous close.
A number of other equities research analysts also recently commented on NAME. Zacks Investment Research downgraded shares of Rightside Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Deutsche Bank AG boosted their price objective on shares of Rightside Group from $7.50 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th.
Rightside Group (NASDAQ:NAME) traded up 1.65% on Wednesday, reaching $8.60. The company had a trading volume of 10,620 shares. The stock’s market capitalization is $167.03 million. Rightside Group has a 12-month low of $7.16 and a 12-month high of $12.85. The stock’s 50 day moving average price is $8.38 and its 200-day moving average price is $9.56.
Large investors have recently modified their holdings of the stock. Cannell Capital LLC acquired a new stake in shares of Rightside Group during the fourth quarter worth about $10,997,000. Price T Rowe Associates Inc. MD boosted its position in Rightside Group by 53.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,874,986 shares of the company’s stock worth $26,162,000 after buying an additional 999,212 shares during the period. Sabal Capital Management LLC purchased a new position in Rightside Group during the fourth quarter worth $3,352,000. BlackRock Fund Advisors boosted its position in Rightside Group by 745.4% in the second quarter. BlackRock Fund Advisors now owns 304,994 shares of the company’s stock worth $3,245,000 after buying an additional 268,917 shares during the period. Finally, Granite Investment Partners LLC purchased a new position in Rightside Group during the first quarter worth $963,000. 57.15% of the stock is owned by hedge funds and other institutional investors.
About Rightside Group