Godaddy Inc (NYSE:GDDY) – Analysts at Wedbush cut their FY2018 EPS estimates for Godaddy in a research report issued on Wednesday, November 7th. Wedbush analyst Y. Arounian now anticipates that the technology company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.33. Wedbush has a “Neutral” rating on the stock. Wedbush also issued estimates for Godaddy’s Q4 2018 earnings at $0.06 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.29 EPS and Q4 2019 earnings at $0.26 EPS.
Godaddy (NYSE:GDDY) last released its earnings results on Tuesday, November 6th. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). The firm had revenue of $679.50 million during the quarter, compared to the consensus estimate of $673.79 million. Godaddy had a return on equity of 8.42% and a net margin of 4.96%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS.
NYSE:GDDY opened at $66.87 on Friday. The company has a market capitalization of $12.47 billion, a P/E ratio of 159.21, a PEG ratio of 8.06 and a beta of 0.84. Godaddy has a 1-year low of $45.87 and a 1-year high of $84.97. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.56.
In related news, CFO Raymond E. Winborne, Jr. sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $78.33, for a total transaction of $5,874,750.00. Following the completion of the transaction, the chief financial officer now owns 101,831 shares in the company, valued at $7,976,422.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rebecca Morrow sold 367 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $74.19, for a total value of $27,227.73. The disclosure for this sale can be found here. Insiders sold 7,733,727 shares of company stock valued at $585,453,642 in the last quarter. Corporate insiders own 7.63% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its holdings in shares of Godaddy by 82.1% during the third quarter. Aperio Group LLC now owns 31,827 shares of the technology company’s stock valued at $2,654,000 after acquiring an additional 14,347 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Godaddy by 30.4% during the second quarter. Amalgamated Bank now owns 35,017 shares of the technology company’s stock valued at $2,472,000 after acquiring an additional 8,157 shares in the last quarter. US Bancorp DE grew its stake in Godaddy by 25.6% in the second quarter. US Bancorp DE now owns 7,649 shares of the technology company’s stock worth $540,000 after purchasing an additional 1,560 shares during the period. Bank of America Corp DE grew its stake in Godaddy by 154.4% in the second quarter. Bank of America Corp DE now owns 1,696,012 shares of the technology company’s stock worth $119,738,000 after purchasing an additional 1,029,426 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Godaddy in the second quarter worth $384,000. Institutional investors own 93.88% of the company’s stock.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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