GoDaddy Inc. (NYSE:GDDY) has earned an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $44.22.

GDDY has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $45.00 price objective on shares of GoDaddy in a report on Tuesday, April 11th. Cantor Fitzgerald increased their price objective on shares of GoDaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, May 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $50.00 price objective (up from $46.00) on shares of GoDaddy in a report on Tuesday, May 16th. BidaskClub raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of GoDaddy from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd.

In other GoDaddy news, insider Barbara J. Rechterman sold 35,000 shares of GoDaddy stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.79, for a total transaction of $1,497,650.00. Following the transaction, the insider now directly owns 54,741 shares of the company’s stock, valued at $2,342,367.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Raymond E. Winborne, Jr. sold 818 shares of GoDaddy stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $39.55, for a total transaction of $32,351.90. Following the transaction, the chief financial officer now directly owns 17,808 shares in the company, valued at $704,306.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,244,311 shares of company stock worth $760,839,555. Insiders own 25.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. increased its position in shares of GoDaddy by 280.7% in the second quarter. Marshall Wace North America L.P. now owns 2,134,170 shares of the technology company’s stock worth $89,635,000 after buying an additional 1,573,572 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in shares of GoDaddy during the first quarter worth approximately $21,303,000. Norges Bank purchased a new position in shares of GoDaddy during the fourth quarter worth approximately $15,881,000. Renaissance Technologies LLC increased its position in shares of GoDaddy by 336.3% in the first quarter. Renaissance Technologies LLC now owns 532,700 shares of the technology company’s stock worth $20,189,000 after buying an additional 410,600 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of GoDaddy by 6.8% in the first quarter. Vanguard Group Inc. now owns 5,955,674 shares of the technology company’s stock worth $225,720,000 after buying an additional 380,343 shares during the period.

GoDaddy (NYSE GDDY) traded down 0.66% during mid-day trading on Tuesday, hitting $42.40. 185,602 shares of the stock were exchanged. The stock’s 50 day moving average is $42.66 and its 200 day moving average is $39.07. GoDaddy has a 52-week low of $28.13 and a 52-week high of $44.22. The stock’s market cap is $3.84 billion.

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About GoDaddy

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.

Analyst Recommendations for GoDaddy (NYSE:GDDY)

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