Jefferies Group LLC reaffirmed their buy rating on shares of GoDaddy Inc. (NYSE:GDDY) in a research report sent to investors on Wednesday morning. They currently have a $55.00 price objective on the technology company’s stock.
Several other research analysts also recently issued reports on the company. Zacks Investment Research downgraded GoDaddy from a hold rating to a sell rating in a report on Thursday, July 6th. Barclays PLC upped their price objective on GoDaddy from $45.00 to $47.00 and gave the stock an overweight rating in a report on Wednesday, July 19th. Cantor Fitzgerald reaffirmed a hold rating on shares of GoDaddy in a report on Monday, June 26th. BidaskClub downgraded GoDaddy from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. Finally, Stifel Nicolaus set a $41.00 target price on shares of GoDaddy and gave the company a hold rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. GoDaddy presently has an average rating of Buy and a consensus target price of $46.47.
Shares of GoDaddy (NYSE GDDY) traded down 0.31% during trading on Wednesday, hitting $44.59. The company had a trading volume of 213,497 shares. The stock has a market cap of $4.96 billion, a PE ratio of 351.10 and a beta of 0.64. GoDaddy has a 12-month low of $31.63 and a 12-month high of $45.02. The firm has a 50 day moving average of $44.09 and a 200 day moving average of $44.09.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The firm had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts forecast that GoDaddy will post $0.33 earnings per share for the current fiscal year.
In related news, insider Auguste Goldman sold 1,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $43.73, for a total value of $43,730.00. Following the completion of the sale, the insider now owns 6,491 shares in the company, valued at approximately $283,851.43. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert R. Parsons sold 5,817,338 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $43.71, for a total transaction of $254,275,843.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,285,948 shares of company stock valued at $536,425,632. 25.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its position in shares of GoDaddy by 66.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after buying an additional 986 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of GoDaddy by 215.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after buying an additional 1,891 shares in the last quarter. Parallel Advisors LLC increased its position in shares of GoDaddy by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock valued at $105,000 after buying an additional 250 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of GoDaddy in the 2nd quarter valued at $118,000. Finally, Sei Investments Co. increased its position in shares of GoDaddy by 160.4% in the 2nd quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after buying an additional 2,283 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.
GoDaddy Company Profile
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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