GoDaddy Inc. (NYSE: GDDY) Receives Consensus Rating of “Buy” by Brokerages

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. 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. .

(A d)

Charlie Shrem is like the “godfather of cryptocurrencies”. He discovered Bitcoin while it was trading for $5. Ethereum at $109.

Binance at just $6. Cardano for 5 CENTS.

Today he shares details of a 0.21 CENT crypto with Top 5 Potential… along with his BIG prediction for June 22nd.

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.

See also

Analyst Recommendations for GoDaddy (NYSE: GDDY)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in GoDaddy right now?

Before you consider GoDaddy, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and GoDaddy wasn’t on the list.

Although GoDaddy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Previous SARS-CoV-2 cases reported in long-term residential facilities (nursing homes) in South Africa: a retrospective cohort study | BMC Public Health
Next Twitter renames its media website to focus on creators with a new "Create" hub – TechCrunch