GoDaddy Inc. (NYSE: GDDY – Get Rating) received an average rating of “Buy” from the eleven rating agencies that cover the company, MarketBeat reports. Three investment analysts rated the stock with a hold recommendation, seven gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average target price among analysts who have covered the stock over the past year is $100.70.
Several research analysts have weighed in on the company recently. StockNews.com assumed coverage from GoDaddy in a research report on Thursday, March 31. They set a “buy” rating for the company. Zacks Investment Research downgraded GoDaddy from a “sell” rating to a “hold” rating and set a price target of $82.00 for the company in a Friday, May 6 research report. Morgan Stanley raised its price target on GoDaddy from $81.00 to $95.00 and gave the company an “equal weight” rating in a Monday, Feb. 14 research report. Raymond James raised his price target on GoDaddy from $100.00 to $107.00 and gave the company a “Strong Buy” rating in a Friday, Feb. 11 research report. Finally, Piper Sandler upgraded GoDaddy from a “neutral” rating to an “overweight” rating and raised its price target for the company from $94.00 to $110.00 in a Monday, April 25 research report. .
GDDY stock opened at $72.23 on Tuesday. The company has a debt ratio of 46.37, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $11.71 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.18 and a beta of 0.96. The company has a 50-day moving average of $80.75 and a 200-day moving average of $77.58. GoDaddy has a fifty-two week minimum of $65.70 and a fifty-two week maximum of $90.43.
GoDaddy (NYSE:GDDY – Get Rating) last released quarterly earnings data on Wednesday, May 4. The technology company reported earnings per share of $0.41 for the quarter, missing the consensus estimate of $0.42 per ($0.01). The company posted revenue of $1 billion for the quarter, against analyst estimates of $989.20 million. GoDaddy had a negative return on equity of 231.58% and a net margin of 7.66%. The company’s quarterly revenue increased 11.3% year over year. In the same period of the previous year, the company had earned earnings per share of $0.06. Stock analysts expect GoDaddy to post EPS of 2.16 for the current year.
In other GoDaddy news, CEO Amanpal Singh Bhutani sold 9,254 shares of the company in a trade that took place on Wednesday, February 23. The stock was sold at an average price of $80.68, for a total value of $746,612.72. The transaction was disclosed in a document filed with the SEC, accessible via this link. Insiders sold 17,533 shares of the company worth $1,434,125 in the past 90 days. Company insiders hold 0.38% of the company’s shares.
Several hedge funds and other institutional investors have recently changed their positions in the company. CAPROCK Group Inc. increased its stake in GoDaddy shares by 4.9% during the first quarter. CAPROCK Group Inc. now owns 3,686 shares of the technology company worth $309,000 after purchasing an additional 172 shares during the period. Quadrant Capital Group LLC increased its stake in GoDaddy shares by 23.3% during the first quarter. Quadrant Capital Group LLC now owns 947 shares of the technology company worth $79,000 after purchasing an additional 179 shares during the period. Wetherby Asset Management Inc. increased its stake in GoDaddy shares by 3.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 6,232 shares of the technology company worth $529,000 after buying 202 additional shares during the period. Tobam increased its stake in GoDaddy shares by 31.7% during the first quarter. Tobam now owns 872 shares of the tech company worth $73,000 after purchasing an additional 210 shares during the period. Finally, Column Capital Advisors LLC increased its stake in GoDaddy shares by 25.4% during the first quarter. Column Capital Advisors LLC now owns 1,080 shares of the technology company worth $90,000 after buying 219 additional shares during the period. Institutional investors hold 98.38% of the company’s shares.
About GoDaddy (Get a rating)
GoDaddy Inc engages in the design and development of cloud-based technology products in the United States and internationally. The Company provides a domain name registration product that engages customers in the initial stage of establishing a digital identity. It also offers shared website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer and WordPress certificates; Hosting websites on virtual private servers and virtual dedicated server products, which allow customers to select the right server configuration for their applications, needs and growth; managed hosting products to configure, monitor, maintain, secure and patch software and servers for customers; and security products, a suite of tools designed to help secure customers’ online presence.
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