.jpg "Webcom Group (NASDAQ: WEB)")
SunTrust Robinson analyst Naved Khan reiterated a Buy rating on Webcom Group (NASDAQ: WEB) today and set a price target of $24. The company’s shares opened today at $17.75.
Khan commented:
“Web believes investors should be more focused on the increasing ARPUs since churn is actually improving.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 22.4% and a 77.6% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.
Currently, the analyst consensus on Webcom Group is Moderate Buy and the average price target is $21.60, representing a 21.7% upside.
In a report issued on May 4, Piper Jaffray also maintained a Buy rating on the stock with a $21 price target.
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Webcom Group’s market cap is currently $857.7M and has a P/E ratio of 17.23. The company has a Price to Book ratio of 3.07.
Based on the recent corporate insider activity of 34 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.
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.
