Equities research analysts expect GoDaddy Inc. (NYSE:GDDY) to report sales of $578.99 million for the current quarter, Zacks reports. Nine analysts have issued estimates for GoDaddy’s earnings, with the highest sales estimate coming in at $580.00 million and the lowest estimate coming in at $574.77 million. GoDaddy posted sales of $472.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 22.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 6th.
According to Zacks, analysts expect that GoDaddy will report full year sales of $578.99 million for the current financial year, with estimates ranging from $2.22 billion to $2.23 billion. For the next year, analysts anticipate that the business will post sales of $2.54 billion per share, with estimates ranging from $2.52 billion to $2.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for GoDaddy.
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, beating analysts’ consensus estimates of $0.03 by $0.10. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The business had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis.
Several research analysts have weighed in on GDDY shares. Zacks Investment Research cut GoDaddy from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Barclays PLC boosted their target price on GoDaddy from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, July 19th. Cantor Fitzgerald restated a “hold” rating on shares of GoDaddy in a research note on Monday, June 26th. BidaskClub lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus set a $41.00 target price on GoDaddy and gave the company a “hold” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. GoDaddy has a consensus rating of “Buy” and an average price target of $47.46.
In related news, Director Robert R. Parsons sold 5,817,338 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $43.71, for a total transaction of $254,275,843.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Raymond E. Winborne, Jr. sold 2,500 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $43.90, for a total value of $109,750.00. Following the sale, the chief financial officer now owns 15,308 shares in the company, valued at $672,021.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,324,948 shares of company stock worth $538,390,617. 22.68% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado raised its stake in shares of GoDaddy by 66.8% during 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 purchasing an additional 986 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of GoDaddy by 215.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,891 shares during the period. SG Americas Securities LLC bought a new stake in shares of GoDaddy during the 2nd quarter valued at $118,000. Sei Investments Co. raised its stake in shares of GoDaddy by 160.4% during the 2nd quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after purchasing an additional 2,283 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of GoDaddy by 142.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock valued at $195,000 after purchasing an additional 2,707 shares during the period. Institutional investors own 77.95% of the company’s stock.
GoDaddy (GDDY) traded up 1.81% during midday trading on Wednesday, reaching $45.00. The company had a trading volume of 741,625 shares. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 354.33 and a beta of 0.62. GoDaddy has a 12-month low of $31.63 and a 12-month high of $45.37. The stock’s 50 day moving average is $43.95 and its 200 day moving average is $43.95.
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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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