Godaddy Inc (NYSE:GDDY) saw unusually large options trading on Monday. Stock investors bought 2,436 put options on the stock. This is an increase of approximately 1,432% compared to the average daily volume of 159 put options.
GDDY has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research report on Thursday, October 26th. BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 28th. Royal Bank of Canada boosted their target price on Godaddy from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Stifel Nicolaus boosted their target price on Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Finally, Oppenheimer restated a “buy” rating and issued a $53.00 target price (up previously from $50.00) on shares of Godaddy in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Godaddy currently has an average rating of “Buy” and a consensus price target of $51.80.
In other news, CEO Blake Irving sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $48.53, for a total transaction of $2,426,500.00. Following the completion of the transaction, the chief executive officer now owns 53,106 shares of the company’s stock, valued at $2,577,234.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.37, for a total value of $1,692,950.00. Following the transaction, the insider now directly owns 50,427 shares of the company’s stock, valued at approximately $2,439,153.99. The disclosure for this sale can be found here. Insiders have sold 7,793,121 shares of company stock valued at $368,837,243 in the last three months. 22.68% of the stock is owned by insiders.
Shares of Godaddy (NYSE GDDY) opened at $53.77 on Thursday. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. Godaddy has a 12-month low of $34.58 and a 12-month high of $56.20. The firm has a market capitalization of $8,736.93, a P/E ratio of 206.82, a price-to-earnings-growth ratio of 5.49 and a beta of 0.72.
Godaddy (NYSE:GDDY) last announced its earnings results on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Godaddy had a return on equity of 7.89% and a net margin of 2.34%. equities research analysts forecast that Godaddy will post 0.27 EPS for the current fiscal year.
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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. 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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