Web.com Group Receives a New Rating from Top Analyst

By Jason Carr

Cantor Fitzgerald analyst Naved Khan reiterated a Hold rating on Web.com Group (NASDAQ: WEB) today and set a price target of $20. The company’s shares opened today at $16.30, close to its 52-week low of $15.10.

Khan observed:

“Expecting in-line 3Q. We expect $190M in revenue (GAAP) and $44.7M in EBITDA vs. FactSet consensus of $191M/$45M.”

According to TipRanks.com, Khan is a top 100 analyst with an average return of 20.5% and a 83.8% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, TripAdvisor Inc., and Travelzoo Inc.

Web.com Group has an analyst consensus of Hold, with a price target consensus of $21.

Web.com Group’s market cap is currently $820.3M and has a P/E ratio of 10.01. The company has a book value ratio of 3.5770.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2016, Okumus Fund Management Ltd., a Major Shareholder at WEB sold 99,600 shares for a total of $1,862,520.

Web.com Group, Inc. engages in the provision of Internet services and online marketing solutions for small to medium-sized businesses. Its solutions include domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products, and eCommerce solutions. It markets directly to customers, through inbound and outbound channels, and through a number of strategic partners that focus on the small business marketplace. The company was founded on March 2, 1999 and is headquartered in Jacksonville, FL.