GoDaddy Inc. (GDDY) Given a $41.00 Price Target by Stifel Nicolaus Analysts
GoDaddy Inc. (NYSE:GDDY) received a $41.00 price target from equities researchers at Stifel Nicolaus in a note issued to investors on Friday. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 5.25% from the stock’s previous close.
A number of other analysts have also recently weighed in on GDDY. B. Riley reissued a “buy” rating and issued a $45.00 price objective on shares of GoDaddy in a research report on Tuesday, April 11th. Oppenheimer Holdings, Inc. raised their price objective on GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday. BidaskClub raised GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Cantor Fitzgerald raised their price objective on GoDaddy from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $50.00 price target (up previously from $46.00) on shares of GoDaddy in a research report on Tuesday, May 16th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.18.
Shares of GoDaddy (GDDY) traded up 0.37% on Friday, hitting $43.27. The stock had a trading volume of 3,263,821 shares. The company’s 50 day moving average price is $40.82 and its 200-day moving average price is $37.49. The company’s market cap is $3.96 billion. GoDaddy has a 12 month low of $28.13 and a 12 month high of $44.22.
GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $489.70 million during the quarter, compared to analysts’ expectations of $487.77 million. GoDaddy had a positive return on equity of 0.73% and a negative net margin of 0.28%. On average, analysts expect that GoDaddy will post $0.19 earnings per share for the current year.
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In other news, CEO Blake Irving sold 37,500 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $36.46, for a total value of $1,367,250.00. Following the completion of the transaction, the chief executive officer now owns 39,855 shares of the company’s stock, valued at approximately $1,453,113.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Auguste Goldman sold 1,000 shares of GoDaddy stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $36.10, for a total value of $36,100.00. Following the completion of the transaction, the insider now owns 5,677 shares of the company’s stock, valued at approximately $204,939.70. The disclosure for this sale can be found here. In the last three months, insiders sold 20,152,913 shares of company stock valued at $756,213,034. Insiders own 25.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of GoDaddy by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,936 shares of the technology company’s stock valued at $278,000 after buying an additional 376 shares in the last quarter. Norges Bank acquired a new position in shares of GoDaddy during the fourth quarter valued at $15,881,000. Russell Investments Group Ltd. acquired a new position in shares of GoDaddy during the fourth quarter valued at $1,567,000. Teachers Advisors LLC raised its position in shares of GoDaddy by 30.4% in the fourth quarter. Teachers Advisors LLC now owns 61,926 shares of the technology company’s stock valued at $2,164,000 after buying an additional 14,419 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of GoDaddy by 76.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,620 shares of the technology company’s stock valued at $3,552,000 after buying an additional 43,957 shares in 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. 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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