According to Zacks, “GoDaddy, Inc. is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. The Company’s products include domain, hosting and presence and business applications. GoDaddy, Inc. is headquartered in Scottsdale, Arizona. “
Other analysts also recently issued research reports about the stock. B. Riley restated a neutral rating and set a $33.50 price target on shares of GoDaddy in a report on Tuesday, November 8th. Royal Bank Of Canada raised their price target on shares of GoDaddy from $38.00 to $40.00 and gave the stock an outperform rating in a report on Thursday, November 3rd. RBC Capital Markets restated an outperform rating and set a $40.00 price target (up previously from $38.00) on shares of GoDaddy in a report on Thursday, November 3rd. TheStreet upgraded shares of GoDaddy from a sell rating to a hold rating in a report on Wednesday, October 19th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and set a $43.00 price target on shares of GoDaddy in a report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. GoDaddy has a consensus rating of Buy and a consensus target price of $40.36.
Shares of GoDaddy (NYSE:GDDY) traded up 0.09% during mid-day trading on Tuesday, hitting $35.24. The company had a trading volume of 424,903 shares. The firm’s market capitalization is $3.08 billion. The firm has a 50-day moving average price of $35.38 and a 200 day moving average price of $33.48. GoDaddy has a 52-week low of $23.88 and a 52-week high of $37.40.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The business earned $472.10 million during the quarter, compared to the consensus estimate of $470.07 million. GoDaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. Analysts expect that GoDaddy will post ($0.05) earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://baseballnewssource.com/markets/godaddy-inc-gddy-downgraded-by-zacks-investment-research-to-sell/345547.html.
In other news, EVP Nima Kelly sold 10,000 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the transaction, the executive vice president now directly owns 34,783 shares in the company, valued at $1,286,971. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Barbara J. Rechterman sold 39,000 shares of the business’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $35.74, for a total transaction of $1,393,860.00. Following the transaction, the insider now owns 69,650 shares in the company, valued at $2,489,291. The disclosure for this sale can be found here. 25.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of GDDY. Principal Financial Group Inc. raised its position in shares of GoDaddy by 272.6% in the second quarter. Principal Financial Group Inc. now owns 402,723 shares of the company’s stock worth $12,561,000 after buying an additional 294,633 shares during the period. Prudential Financial Inc. bought a new position in shares of GoDaddy during the second quarter valued at $365,000. Acrospire Investment Management LLC raised its position in shares of GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock valued at $109,000 after buying an additional 3,200 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of GoDaddy by 89.4% in the second quarter. Teacher Retirement System of Texas now owns 6,098 shares of the company’s stock valued at $190,000 after buying an additional 2,878 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of GoDaddy by 154.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 34,694 shares of the company’s stock valued at $1,082,000 after buying an additional 21,080 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. The Company 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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with our FREE daily email newsletter.