Rightside Group, Ltd. NAME was a big mover last session, as its shares rose over 5% on the day. The move came on the back of the company’s confirmation of the receipt of an unsolicited, non-binding proposal from Donuts Inc. to acquire Rightside’s entire registry of generic top-level domains and related assets for $70 million in an all-cash deal. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.96 to $9.39 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Rightside Group currently has a Zacks Rank #3 (Hold) while the Earnings ESP is 0.00%.
A better-ranked stock in the IT services industry is CoStar Group Inc. CSGP which holds a Zacks Rank #2 (Buy).
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