GoDaddy Inc. (NYSE:GDDY) insider Barbara J. Rechterman sold 39,000 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $34.70, for a total transaction of $1,353,300.00. Following the sale, the insider now owns 65,369 shares of the company’s stock, valued at $2,268,304.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
GoDaddy Inc. (NYSE:GDDY) opened at 34.47 on Tuesday. The company has a 50-day moving average of $34.74 and a 200 day moving average of $33.24. The firm’s market cap is $3.02 billion. GoDaddy Inc. has a 52-week low of $23.88 and a 52-week high of $37.40.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. GoDaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. The firm had revenue of $472.10 million for the quarter, compared to analyst estimates of $470.07 million. During the same period in the previous year, the business earned ($0.04) EPS. The company’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that GoDaddy Inc. will post ($0.04) EPS for the current year.
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A number of equities research analysts have issued reports on the stock. B. Riley restated a “buy” rating and set a $45.00 price target on shares of GoDaddy in a report on Monday, December 12th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $43.00 price target on shares of GoDaddy in a report on Friday, December 9th. Piper Jaffray Cos. restated an “overweight” rating and set a $50.00 price target (up from $40.00) on shares of GoDaddy in a report on Monday, October 24th. Zacks Investment Research cut shares of GoDaddy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 4th. Finally, TheStreet upgraded shares of GoDaddy from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. GoDaddy presently has a consensus rating of “Buy” and a consensus price target of $40.36.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Global Advisors LLC raised its position in GoDaddy by 0.3% in the third quarter. Strategic Global Advisors LLC now owns 10,459 shares of the company’s stock valued at $326,000 after buying an additional 33 shares in the last quarter. Blue Rock Advisors LLC raised its position in GoDaddy by 0.6% in the third quarter. Blue Rock Advisors LLC now owns 11,415 shares of the company’s stock valued at $394,000 after buying an additional 68 shares in the last quarter. Mackenzie Financial Corp raised its position 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 in the last quarter. Independent Portfolio Consultants Inc. raised its position 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 in the last quarter. Finally, Penn Capital Management Co. Inc. raised its position 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 in the last quarter.
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.
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