Godaddy (NYSE:GDDY) had its price objective boosted by stock analysts at Barclays from $80.00 to $82.00 in a report released on Thursday. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective points to a potential upside of 13.28% from the company’s current price.
Several other research analysts also recently commented on GDDY. Wedbush restated a “neutral” rating on shares of Godaddy in a research note on Wednesday, October 24th. TheStreet downgraded Godaddy from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. SunTrust Banks restated a “buy” rating and issued a $87.00 target price on shares of Godaddy in a research note on Friday, November 2nd. Morgan Stanley set a $85.00 target price on Godaddy and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research downgraded Godaddy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $80.73.
Shares of GDDY opened at $72.39 on Thursday. Godaddy has a fifty-two week low of $54.80 and a fifty-two week high of $84.97. The stock has a market capitalization of $12.61 billion, a P/E ratio of 172.36, a PEG ratio of 5.19 and a beta of 0.64. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 3.29.
Godaddy (NYSE:GDDY) last issued its earnings results on Wednesday, February 20th. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.13 by $0.11. Godaddy had a return on equity of 8.01% and a net margin of 4.96%. The business had revenue of $696.00 million during the quarter, compared to the consensus estimate of $693.41 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Sell-side analysts expect that Godaddy will post 0.34 earnings per share for the current year.
In other news, CEO Scott Wagner sold 28,744 shares of Godaddy stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $60.69, for a total transaction of $1,744,473.36. Following the completion of the sale, the chief executive officer now owns 156,607 shares in the company, valued at approximately $9,504,478.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arne Josefsberg sold 7,572 shares of Godaddy stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $59.11, for a total value of $447,580.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,778 shares of company stock valued at $5,209,655. Corporate insiders own 7.63% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of GDDY. APG Asset Management N.V. raised its holdings in shares of Godaddy by 19.7% during the 4th quarter. APG Asset Management N.V. now owns 40,700 shares of the technology company’s stock valued at $2,336,000 after buying an additional 6,700 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Godaddy by 63.4% during the 4th quarter. Amalgamated Bank now owns 35,890 shares of the technology company’s stock valued at $2,355,000 after buying an additional 13,927 shares in the last quarter. Valinor Management L.P. raised its holdings in shares of Godaddy by 18.6% during the 4th quarter. Valinor Management L.P. now owns 1,514,299 shares of the technology company’s stock valued at $99,368,000 after buying an additional 237,600 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Godaddy by 14.0% during the 4th quarter. Legal & General Group Plc now owns 652,706 shares of the technology company’s stock valued at $42,831,000 after buying an additional 80,153 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Godaddy by 424.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 326,947 shares of the technology company’s stock valued at $21,454,000 after buying an additional 264,552 shares in the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s stock.
Godaddy Company Profile
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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