Rightside Group, Ltd. (NASDAQ:NAME).
February 17 investment analysts at B. Riley made no change to the stock rating of “Buy” and lowered the price target to $12.00 from $15.00. On November 10 Deutsche Bank kept the company rating at “Hold” but lowered the price target from $8.00 to $7.00.
On May 11 analysts at Deutsche Bank initiated coverage by announcing an initial rating of “Hold” and setting a price target of $8.00.
The company is up by 10.26 percent from yesterday’s close. Shares of the company are trading at $10.75 a tad higher than the 50 day moving average which is $9.65 and which is slightly above the 200 day moving average of $8.92. The 50 day moving average went up by +11.43% and the 200 day average went up $1.83 or +20.45%.
Rightside Group, Ltd., launched on July 11, 2013, is a provider of domain name services that enable businesses and consumers to find, establish and maintain their digital address. The Company is a registrar, offering domain name registration and other related services to resellers and directly to domain name registrants. The Company provides infrastructure services through its eNom brand. Through its retail brands, including Name.com, the Company directly offers domain name registration services to over 320,000 customers. The Company has over 16.5 million domain names under management. The Company is a domain name registry with a portfolio of over 40 generic Top Level Domains (gTLDs) acquired through Internet Corporation for Assigned Names and Numbers (ICANN)’s expansion of new gTLDs (the New gTLD Program). It has launched all of its gTLDs, including .NEWS, .LIVE, and .FAMILY, into general availability in the marketplace. Its registry services business builds a distribution network of over 125 ICANN accredited registrars, including GoDaddy, eNom and Name.com, as well as other complementary distribution partners, such as Website builders and e-mail service providers, that offer its gTLD domain names to businesses and consumers..
Rightside Group, Ltd. currently has a P/E ratio of 5.07 and market capitalization is 208.81M. In the latest earnings report the EPS was $2.12 and is estimated to be $-0.91 for the current year with 19,424,000 shares outstanding. Next quarter’s EPS is expected be $-0.21 with next year’s EPS anticipated to be $-0.55.
Traders are more bullish on shares of the company of late as evidenced by the motion in short interest. The company recorded a fall in short interest between May 15, 2017 and April 28, 2017 of -13.85%. Short interest fell from 175,700 to 151,358 over that timeframe. The days to cover decreased to 3.7 and the percentage of shorted shares was 0.01% on April 28.