Exclusive: What’s Web.com Group Inc Downside After Achieving 1 Year Low?

Exclusive: What's Web.com Group Inc Downside After Achieving 1 Year Low?

The stock of Web.com Group Inc (NASDAQ:WEB) hit a new 52-week low and has $15.07 target or 8.00% below today’s $16.38 share price. The 5 months bearish chart indicates high risk for the $841.82 million company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $15.07 price target is reached, the company will be worth $67.35M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 357,042 shares traded hands or 60.18% up from the average. Web.com Group Inc (NASDAQ:WEB) has declined 3.88% since March 10, 2016 and is downtrending. It has underperformed by 11.40% the S&P500.

Analysts await Web.com Group Inc (NASDAQ:WEB) to report earnings on November, 3. They expect $0.55 earnings per share, down 1.79% or $0.01 from last year’s $0.56 per share. WEB’s profit will be $28.27M for 7.45 P/E if the $0.55 EPS becomes a reality. After $0.54 actual earnings per share reported by Web.com Group Inc for the previous quarter, Wall Street now forecasts 1.85% EPS growth.

Web.com Group Inc (NASDAQ:WEB) Ratings Coverage

Out of 3 analysts covering Web.com Group (NASDAQ:WEB), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Web.com Group has been the topic of 5 analyst reports since December 30, 2015 according to StockzIntelligence Inc. On Tuesday, February 16 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating given on Friday, February 12 by Suntrust Robinson. RBC Capital Markets maintained Web.com Group Inc (NASDAQ:WEB) on Friday, May 6 with “Sector Perform” rating. The stock of Web.com Group Inc (NASDAQ:WEB) has “Buy” rating given on Tuesday, January 19 by Craig Hallum. Suntrust Robinson maintained Web.com Group Inc (NASDAQ:WEB) on Wednesday, December 30 with “Neutral” rating.

According to Zacks Investment Research, “WEB.COM GROUP, INC. is a leading provider of online marketing for small businesses. Web.com offers a full range of online services, including Internet marketing and advertising, local search, search engine marketing, search engine optimization, lead generation, home contractor specific leads, website design and publishing, logo and brand development, and eCommerce solutions, meeting the needs of small businesses anywhere along their lifecycle.”

Another recent and important Web.com Group Inc (NASDAQ:WEB) news was published by Globenewswire.com which published an article titled: “Web.com Group, Inc. (Nasdaq: WEB) to Ring The Nasdaq Stock Market Closing Bell” on August 26, 2016.

WEB Company Profile

Web.com Group, Inc., incorporated on March 2, 1999, provides a range of Internet services to small businesses. The Firm operates through Web services and products segment. The Firm offers subscription solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Firm offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Firm offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Firm offers directory listings, which is an online search directory that gives businesses online exposure.

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