GoDaddy Inc. (GDDY) PT Set at $41.00 by Stifel Nicolaus
GoDaddy Inc. (NYSE:GDDY) has been given a $41.00 target price by Stifel Nicolaus in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 6.82% from the company’s current price.
A number of other research firms also recently issued reports on GDDY. Barclays PLC boosted their target price on shares of GoDaddy from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. B. Riley restated a “buy” rating and set a $53.00 target price on shares of GoDaddy in a research report on Wednesday, July 19th. BidaskClub downgraded shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Cantor Fitzgerald reiterated a “hold” rating on shares of GoDaddy in a research report on Monday, June 26th. Finally, Oppenheimer Holdings, Inc. upped their price objective on shares of GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. GoDaddy currently has an average rating of “Buy” and a consensus target price of $44.62.
Shares of GoDaddy (NYSE GDDY) opened at 44.00 on Wednesday. The stock has a 50 day moving average price of $42.82 and a 200 day moving average price of $39.35. The stock’s market capitalization is $3.99 billion. GoDaddy has a 1-year low of $31.59 and a 1-year high of $45.26.
GoDaddy (NYSE:GDDY) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The company had revenue of $557.80 million during the quarter, compared to the consensus estimate of $551.26 million. GoDaddy had a net margin of 1.21% and a return on equity of 5.58%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) earnings per share. Equities research analysts anticipate that GoDaddy will post $0.21 EPS for the current year.
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In other news, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.79, for a total transaction of $1,497,650.00. Following the completion of the sale, the insider now owns 54,741 shares of the company’s stock, valued at $2,342,367.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Barbara J. Rechterman sold 17,500 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $42.89, for a total transaction of $750,575.00. Following the sale, the chief marketing officer now directly owns 54,741 shares of the company’s stock, valued at approximately $2,347,841.49. The disclosure for this sale can be found here. Insiders have sold 633,956 shares of company stock valued at $26,627,864 in the last three months. Corporate insiders own 25.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. 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. BNP Paribas Arbitrage SA boosted its stake in GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock worth $105,000 after buying an additional 1,891 shares in the last quarter. Parallel Advisors LLC boosted its stake in GoDaddy by 10.1% in the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock worth $105,000 after buying an additional 250 shares in the last quarter. SG Americas Securities LLC bought a new stake in GoDaddy during the second quarter worth approximately $118,000. Finally, 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.
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.
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