Webcom Group Gets a Hold Rating from Cantor Fitzgerald

By Jason Carr

Cantor Fitzgerald analyst Naved Khan assigned a Hold rating to Webcom Group (NASDAQ: WEB) on June 23. The company’s shares closed last Friday at $23.55, close to its 52-week high of $24.85.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 23.2% and a 85.4% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Paypal Holdings, and Facebook Inc.

Webcom Group has an analyst consensus of Moderate Buy, with a price target consensus of $23.33.

Based on Webcom Group’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $185 million and quarterly net profit of $6.52 million. In comparison, last year the company earned revenue of $145 million and had a net profit of $337K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WEB in relation to earlier this year. Most recently, in April 2017, Robert Mccoy, a Director at WEB bought 8,500 shares for a total of $73,950.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Web.com Group, Inc. engages in the provision of Internet services and online marketing solutions for small to medium-sized businesses. The company 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.,07G4W5-E