Today, Analysts Set Web.com Group Inc. (WEB) Target Price at $24.00

Today, Analysts Set Web.com Group Inc. (WEB) Target Price at $24.00

Web.com Group Inc. (NASDAQ:WEB) has earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.00.

A number of equities analysts have weighed in on WEB shares. Cantor Fitzgerald started coverage on shares of Web.com Group in a research note on Wednesday, October 19th. They issued a “hold” rating and a $20.00 target price for the company. SunTrust Banks Inc. downgraded shares of Web.com Group from a “buy” rating to a “hold” rating in a research note on Friday, November 4th.

An institutional investor recently bought a new position in Web.com Group stock. Phocas Financial Corp. acquired a new position in shares of Web.com Group Inc. (NASDAQ:WEB) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 183,535 shares of the company’s stock, valued at approximately $3,638,000. Phocas Financial Corp. owned approximately 0.37% of Web.com Group as of its most recent filing with the SEC. 89.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Web.com Group (NASDAQ:WEB) opened at 16.75 on Wednesday. The stock has a market cap of $824.45 million, a P/E ratio of 10.86 and a beta of 0.70. Web.com Group has a 52-week low of $12.90 and a 52-week high of $24.73. The firm has a 50-day moving average of $15.87 and a 200-day moving average of $17.23.

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