GoDaddy Inc. (NYSE:GDDY) has been given a $41.00 price target by analysts at Stifel Nicolaus in a research note issued on Wednesday. The firm currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 6.82% from the stock’s previous close.
Several other analysts also recently weighed in on GDDY. B. Riley restated a “buy” rating and issued a $45.00 price target on shares of GoDaddy in a research note on Tuesday, April 11th. Cantor Fitzgerald upped their price target on GoDaddy from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 price target (up previously from $46.00) on shares of GoDaddy in a research note on Tuesday, May 16th. BidaskClub upgraded GoDaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Finally, Oppenheimer Holdings, Inc. upped their price objective on GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.62.
GoDaddy (NYSE GDDY) opened at 44.00 on Wednesday. The company’s market cap is $3.99 billion. GoDaddy has a 12-month low of $31.59 and a 12-month high of $45.26. The stock has a 50 day moving average price of $42.82 and a 200-day moving average price of $39.35.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a return on equity of 5.58% and a net margin of 1.21%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. On average, analysts predict that GoDaddy will post $0.21 EPS for the current fiscal year.
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In other news, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.79, for a total transaction of $1,497,650.00. Following the transaction, the insider now directly owns 54,741 shares of the company’s stock, valued at approximately $2,342,367.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Raymond E. Winborne, Jr. sold 818 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $39.55, for a total value of $32,351.90. Following the transaction, the chief financial officer now directly owns 17,808 shares in the company, valued at $704,306.40. The disclosure for this sale can be found here. Insiders have sold a total of 633,956 shares of company stock worth $26,627,864 over the last three months. Insiders own 25.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in GoDaddy by 76.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,620 shares of the technology company’s stock valued at $3,552,000 after buying an additional 43,957 shares during the last quarter. Norges Bank purchased a new position in GoDaddy during the fourth quarter valued at $15,881,000. Teachers Advisors LLC boosted its position in GoDaddy by 30.4% in the fourth quarter. Teachers Advisors LLC now owns 61,926 shares of the technology company’s stock valued at $2,164,000 after buying an additional 14,419 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in GoDaddy during the fourth quarter valued at $223,000. Finally, Profund Advisors LLC boosted its position in GoDaddy by 14.4% in the first quarter. Profund Advisors LLC now owns 25,770 shares of the technology company’s stock valued at $977,000 after buying an additional 3,250 shares during the last quarter.
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.
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