GoDaddy Inc. (NYSE:GDDY) had its price target upped by Royal Bank Of Canada from $47.00 to $53.00 in a report released on Tuesday, Marketbeat Ratings reports. They currently have an outperform rating on the technology company’s stock.

Several other research firms have also commented on GDDY. BidaskClub upgraded GoDaddy from a buy rating to a strong-buy rating in a research note on Saturday, October 28th. B. Riley reiterated a buy rating and set a $53.00 price objective on shares of GoDaddy in a research note on Thursday, October 26th. Jefferies Group LLC reiterated a buy rating and set a $55.00 price objective on shares of GoDaddy in a research note on Wednesday, September 20th. Zacks Investment Research lowered GoDaddy from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, Oppenheimer Holdings, Inc. boosted their price objective on GoDaddy from $47.00 to $50.00 and gave the stock an outperform rating in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $48.62.

GoDaddy (GDDY) traded up $0.17 during trading hours on Tuesday, reaching $48.15. The company’s stock had a trading volume of 1,617,096 shares, compared to its average volume of 1,207,334. GoDaddy has a 52 week low of $32.00 and a 52 week high of $49.36. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 4.89. The stock has a market cap of $7,980.00 and a price-to-earnings ratio of 154.90.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. GoDaddy had a return on equity of 7.34% and a net margin of 2.34%. The company had revenue of $557.80 million during the quarter, compared to analyst estimates of $551.26 million. During the same period in the previous year, the business earned ($0.11) EPS. GoDaddy’s quarterly revenue was up 22.3% on a year-over-year basis. analysts anticipate that GoDaddy will post 0.3 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “GoDaddy Inc. (GDDY) Price Target Raised to $53.00” was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.watchlistnews.com/godaddy-inc-gddy-price-target-raised-to-53-00/1694048.html.

In related news, EVP Nima Kelly sold 8,112 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $48.01, for a total value of $389,457.12. Following the transaction, the executive vice president now directly owns 37,046 shares in the company, valued at $1,778,578.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Auguste Goldman sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $48.62, for a total value of $388,960.00. Following the completion of the transaction, the senior vice president now owns 13,491 shares in the company, valued at $655,932.42. The disclosure for this sale can be found here. Insiders sold 12,268,964 shares of company stock worth $536,522,144 over the last quarter. 22.68% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado lifted its holdings 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 valued at $104,000 after acquiring an additional 986 shares during the last quarter. SG Americas Securities LLC acquired a new position in GoDaddy in the second quarter valued at approximately $118,000. Sei Investments Co. lifted its holdings in GoDaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after acquiring an additional 2,283 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in GoDaddy by 142.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,605 shares of the technology company’s stock valued at $195,000 after acquiring an additional 2,707 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in GoDaddy in the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 78.82% of the company’s stock.

GoDaddy Company Profile

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)

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 Analyst Ratings Network's FREE daily email newsletter.