GoDaddy Inc. (GDDY) PT Raised to $42.00
GoDaddy Inc. (NYSE:GDDY) had its price target hoisted by research analysts at Deutsche Bank AG from $39.00 to $42.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price points to a potential upside of 19.25% from the company’s current price.
GDDY has been the subject of a number of other research reports. Vetr downgraded GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 target price for the company. in a report on Thursday, October 6th. Zacks Investment Research raised GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, October 5th. Piper Jaffray Cos. set a $40.00 target price on GoDaddy and gave the stock a “buy” rating in a report on Monday, September 19th. Summit Redstone began coverage on GoDaddy in a report on Monday, October 3rd. They set a “buy” rating and a $41.00 target price for the company. Finally, Royal Bank Of Canada boosted their price target on GoDaddy from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $37.83.
Shares of GoDaddy (NYSE:GDDY) traded up 1.2422% during midday trading on Tuesday, reaching $35.6575. 227,914 shares of the company’s stock were exchanged. The company’s 50-day moving average is $33.93 and its 200-day moving average is $31.91. GoDaddy has a one year low of $23.88 and a one year high of $36.30. The stock’s market cap is $5.43 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/godaddy-inc-gddy-pt-raised-to-42-00.html
GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The firm had revenue of $456.20 million for the quarter, compared to analyst estimates of $450.51 million. During the same period last year, the firm earned ($0.46) EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts expect that GoDaddy will post ($0.04) earnings per share for the current fiscal year.
In related news, EVP James M. Carroll sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $32.04, for a total transaction of $1,922,400.00. Following the completion of the sale, the executive vice president now directly owns 60,091 shares in the company, valued at $1,925,315.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Blake Irving sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $35.71, for a total value of $1,339,125.00. Following the sale, the chief executive officer now owns 39,003 shares of the company’s stock, valued at $1,392,797.13. The disclosure for this sale can be found here. 25.70% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of GoDaddy by 1.0% in the first quarter. Aperio Group LLC now owns 9,907 shares of the company’s stock valued at $320,000 after buying an additional 98 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of GoDaddy by 83.1% in the first quarter. TIAA CREF Investment Management LLC now owns 241,785 shares of the company’s stock valued at $7,817,000 after buying an additional 109,760 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of GoDaddy by 8.9% in the first quarter. Franklin Resources Inc. now owns 1,078,380 shares of the company’s stock valued at $34,864,000 after buying an additional 88,490 shares during the last quarter. BlackRock Inc. boosted its stake in shares of GoDaddy by 46.3% in the first quarter. BlackRock Inc. now owns 12,808 shares of the company’s stock valued at $414,000 after buying an additional 4,053 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of GoDaddy by 19.2% in the first quarter. BlackRock Group LTD now owns 282,923 shares of the company’s stock valued at $9,147,000 after buying an additional 45,538 shares during the last quarter.
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.
Receive News & Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.