Rightside Group, Ltd. (NASDAQ:NAME):
RIGHTSIDE (NAME) Alert: JW Investigates Proposed Sale of Rightside Group, Ltd.; Are Shareholders Getting a Fair Deal?.
The company is now up by 9.23% since yesterday’s close of $9.75.
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..
The stock is trading at $10.65 which is slightly above the 50 day moving average of $9.63 and which is just a bit higher than the 200 day moving average of $8.91. The 50 day moving average moved up $1.01 and the 200 day average moved up $1.72.
The P/E ratio is currently 5.012 and market cap is 206.57M. As of the last earnings report the EPS was $2.12 and is projected to be $-0.91 for the current year with 19,424,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.21 and the next full year EPS is anticipated to be $-0.55.
Short traders are more bullish on shares of the company recently if you take a look at the downtick in short interest. The stock realized a fall in short interest of -13.85% between May 15, 2017 and April 28, 2017. Short interest fell 24,342 over that timeframe. With short interest at 151,358 and short average daily volume at 40,391, the short-interest ratio is 3.7 and the percentage of shorted shares was 0.01% on April 28.
A few investment analysts have weighed in on the company recently. On February 17 B. Riley maintained a company rating of “Buy” and lowered the price target from $15.00 to $12.00. November 10 investment analysts at Deutsche Bank held the stock rating at “Hold” but lowered the price target to $7.00 from $8.00.
Deutsche Bank started coverage by announcing an initial rating of “Hold” and projecting a price target of $8.00.