GDDY has been the subject of a number of other research reports. Zacks Investment Research raised GoDaddy from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Wednesday, October 5th. Piper Jaffray Cos. set a $40.00 target price on GoDaddy and gave the stock a buy rating in a report on Monday, September 19th. Summit Redstone assumed coverage on GoDaddy in a report on Monday, October 3rd. They set a buy rating and a $41.00 target price for the company. Deutsche Bank AG boosted their price target on GoDaddy from $36.00 to $39.00 and gave the company a buy rating in a report on Thursday, August 4th. Finally, Raymond James Financial Inc. assumed coverage on GoDaddy in a report on Tuesday, June 14th. They issued an outperform rating and a $37.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $37.63.
GoDaddy (NYSE:GDDY) opened at 35.96 on Thursday. The stock’s market capitalization is $5.48 billion. GoDaddy has a 12-month low of $23.88 and a 12-month high of $36.03. The company has a 50 day moving average of $33.52 and a 200-day moving average of $31.77.
GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The firm had revenue of $456.20 million for the quarter, compared to analyst estimates of $450.51 million. During the same period last year, the firm earned ($0.46) EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that GoDaddy will post ($0.04) earnings per share for the current year.
In related news, CFO Scott Wagner sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $29.42, for a total transaction of $235,360.00. Following the completion of the sale, the chief financial officer now directly owns 9,250 shares in the company, valued at $272,135. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Auguste Goldman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the sale, the insider now owns 2,339 shares of the company’s stock, valued at $74,848. The disclosure for this sale can be found here. Corporate insiders own 25.70% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Independent Portfolio Consultants Inc. boosted its stake in shares of GoDaddy by 119.5% in the third quarter. Independent Portfolio Consultants Inc. now owns 8,705 shares of the company’s stock valued at $301,000 after buying an additional 4,740 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of GoDaddy by 64.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,038 shares of the company’s stock valued at $251,000 after buying an additional 3,146 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of GoDaddy by 79.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 324,665 shares of the company’s stock valued at $10,127,000 after buying an additional 143,288 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of GoDaddy during the second quarter valued at about $897,000. Finally, Amalgamated Bank bought a new stake in shares of GoDaddy during the second quarter valued at about $245,000.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.