Godaddy (NYSE:GDDY) had its target price hoisted by B. Riley from $53.00 to $65.00 in a report issued on Friday morning, MarketBeat Ratings reports. B. Riley currently has a buy rating on the technology company’s stock. B. Riley also issued estimates for Godaddy’s Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.48 EPS, FY2018 earnings at $0.37 EPS, FY2019 earnings at $0.71 EPS and FY2019 earnings at $0.83 EPS.
Other equities research analysts have also recently issued reports about the company. TheStreet raised Godaddy from a c- rating to a b- rating in a research note on Tuesday, November 7th. Jefferies Group lifted their target price on Godaddy from $55.00 to $58.00 and gave the company a buy rating in a research note on Tuesday, November 7th. Oppenheimer reissued a buy rating and issued a $53.00 target price (up from $50.00) on shares of Godaddy in a research note on Tuesday, November 7th. Royal Bank of Canada reissued a buy rating and issued a $53.00 target price on shares of Godaddy in a research note on Wednesday, November 22nd. Finally, Zacks Investment Research raised Godaddy from a sell rating to a hold rating in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $58.67.
Shares of Godaddy (GDDY) opened at $61.48 on Friday. Godaddy has a twelve month low of $35.72 and a twelve month high of $61.77. The firm has a market capitalization of $10,229.41, a price-to-earnings ratio of 74.98, a P/E/G ratio of 6.69 and a beta of 0.72. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.
Several institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of Godaddy during the fourth quarter worth $534,000. Envestnet Asset Management Inc. grew its stake in shares of Godaddy by 53.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,394 shares of the technology company’s stock worth $472,000 after purchasing an additional 3,269 shares during the period. Gotham Asset Management LLC bought a new position in Godaddy during the fourth quarter worth about $628,000. Jane Street Group LLC lifted its holdings in Godaddy by 560.7% during the fourth quarter. Jane Street Group LLC now owns 127,520 shares of the technology company’s stock worth $6,412,000 after acquiring an additional 108,220 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Godaddy by 8.3% during the fourth quarter. LPL Financial LLC now owns 13,250 shares of the technology company’s stock worth $666,000 after acquiring an additional 1,012 shares in the last quarter. 84.84% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was reported by Ticker Report and is the property of of Ticker Report. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3223075/b-riley-raises-godaddy-gddy-price-target-to-65-00.html.
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It 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.
Receive News & Ratings for Godaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Godaddy and related companies with MarketBeat.com's FREE daily email newsletter.