Oppenheimer Holdings, Inc. reissued their buy rating on shares of GoDaddy Inc. (NYSE:GDDY) in a research report released on Monday.

Several other brokerages have also recently weighed in on GDDY. Jefferies Group LLC upped their price target on GoDaddy from $55.00 to $58.00 and gave the company a buy rating in a research report on Tuesday, November 7th. B. Riley reiterated a buy rating and set a $53.00 price target on shares of GoDaddy in a research report on Wednesday, August 9th. Raymond James Financial, Inc. upped their price target on GoDaddy from $47.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, August 9th. Royal Bank Of Canada upped their price target on GoDaddy from $44.00 to $47.00 and gave the company an outperform rating in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded GoDaddy from a hold rating to a buy rating in a research report on Saturday, September 2nd. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. GoDaddy presently has a consensus rating of Buy and an average price target of $49.38.

Shares of GoDaddy (GDDY) opened at $50.43 on Monday. GoDaddy has a 52-week low of $33.06 and a 52-week high of $50.80. The firm has a market capitalization of $8,418.20, a PE ratio of 162.87, a PEG ratio of 8.98 and a beta of 0.64. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.

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In other GoDaddy news, SVP Auguste Goldman sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $48.62, for a total value of $388,960.00. Following the completion of the sale, the senior vice president now owns 13,491 shares of the company’s stock, valued at $655,932.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nima Kelly sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $42.40, for a total value of $42,400.00. Following the completion of the sale, the executive vice president now directly owns 32,744 shares of the company’s stock, valued at approximately $1,388,345.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,323,036 shares of company stock worth $539,968,706. 22.68% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement Association of Colorado boosted its stake in GoDaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after buying an additional 986 shares in the last quarter. SG Americas Securities LLC purchased a new stake in GoDaddy in the second quarter worth approximately $118,000. Sei Investments Co. boosted its stake in GoDaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock worth $158,000 after buying an additional 2,283 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GoDaddy by 142.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock worth $195,000 after buying an additional 2,707 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in GoDaddy in the second quarter worth approximately $210,000. 79.83% of the stock is owned by institutional investors and hedge funds.

About GoDaddy

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.

Analyst Recommendations for GoDaddy (NYSE:GDDY)

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