Vetr lowered shares of GoDaddy Inc. (NYSE:GDDY) from a strong-buy rating to a buy rating in a research report released on Thursday morning. They currently have $39.00 target price on the stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research raised GoDaddy from a hold rating to a buy rating and set a $39.00 price target on the stock in a research report on Wednesday, October 5th. Summit Redstone began coverage on GoDaddy in a research report on Monday, October 3rd. They issued a buy rating and a $41.00 target price on the stock. Piper Jaffray Cos. set a $40.00 target price on GoDaddy and gave the company a buy rating in a research report on Monday, September 19th. B. Riley reissued a neutral rating and issued a $33.50 target price on shares of GoDaddy in a research report on Tuesday, August 9th. Finally, Deutsche Bank AG lifted their target price on GoDaddy from $36.00 to $39.00 and gave the company a buy rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. GoDaddy has a consensus rating of Buy and an average price target of $37.63.
Shares of GoDaddy (NYSE:GDDY) opened at 35.67 on Thursday. GoDaddy has a 12-month low of $23.88 and a 12-month high of $36.03. The firm’s market cap is $5.43 billion. The firm’s 50-day moving average price is $33.62 and its 200 day moving average price is $31.80.
GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The business had revenue of $456.20 million for the quarter, compared to analyst estimates of $450.51 million. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.46) EPS. On average, equities analysts expect that GoDaddy will post ($0.04) earnings per share for the current fiscal year.
In other news, insider Auguste Goldman sold 1,000 shares of GoDaddy stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the transaction, the insider now directly owns 2,339 shares in the company, valued at approximately $74,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Scott Wagner sold 8,000 shares of GoDaddy stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $28.86, for a total value of $230,880.00. Following the transaction, the chief operating officer now owns 9,309 shares of the company’s stock, valued at $268,657.74. The disclosure for this sale can be found here. Insiders own 25.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of GDDY. Aperio Group LLC increased its position in shares of GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock valued at $320,000 after buying an additional 98 shares in the last quarter. UBS Group AG increased its stake in GoDaddy by 0.6% in the first quarter. UBS Group AG now owns 22,573 shares of the company’s stock valued at $729,000 after buying an additional 140 shares during the period. Mackenzie Financial Corp increased its stake in GoDaddy by 0.7% in the second quarter. Mackenzie Financial Corp now owns 28,600 shares of the company’s stock valued at $892,000 after buying an additional 200 shares during the period. Independent Portfolio Consultants Inc. increased its stake in GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock valued at $124,000 after buying an additional 425 shares during the period. Finally, Penn Capital Management Co. Inc. increased its stake in GoDaddy by 0.3% in the second quarter. Penn Capital Management Co. Inc. now owns 254,048 shares of the company’s stock valued at $7,964,000 after buying an additional 665 shares during the period.
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. 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.
To view Vetr’s full report, visit Vetr’s official website.
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