GoDaddy (NYSE:GDDY)’s share price gapped up before the market opened on Thursday after ValuEngine upgraded the stock from a buy rating to a strong-buy rating. The stock had previously closed at $68.86, but opened at $68.60. GoDaddy shares last traded at $69.46, with a volume of 72269 shares traded.
A number of other equities analysts have also weighed in on the company. Oppenheimer upped their target price on GoDaddy from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Jaffray upped their target price on GoDaddy to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley upped their target price on GoDaddy from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada upped their target price on GoDaddy to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Jefferies Group reaffirmed an “underperform” rating and set a $76.00 target price on shares of GoDaddy in a research report on Monday, May 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $66.27.
In related news, Director Brian Sharples sold 1,200 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $67.95, for a total value of $81,540.00. Following the completion of the sale, the director now directly owns 17,831 shares of the company’s stock, valued at approximately $1,211,616.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Aldrich sold 10,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $61.38, for a total value of $613,800.00. Following the completion of the sale, the insider now directly owns 17,391 shares of the company’s stock, valued at $1,067,459.58. The disclosure for this sale can be found here. Insiders sold a total of 13,700,305 shares of company stock valued at $812,019,423 over the last three months. 7.63% of the stock is currently owned by insiders.
The company has a market cap of $11.59 billion, a PE ratio of 165.31, a price-to-earnings-growth ratio of 8.28 and a beta of 0.55. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.59 and a quick ratio of 0.59.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $622.54 million. GoDaddy had a return on equity of 11.56% and a net margin of 6.18%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. equities analysts forecast that GoDaddy will post 0.42 earnings per share for the current year.
GoDaddy Company Profile
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.