GoDaddy (NYSE: GDDY) recently received a number of ratings updates from brokerages and research firms:

  • 8/15/2017 – GoDaddy is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $50.00 price target on the stock.
  • 8/14/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 8/14/2017 – GoDaddy had its price target raised by analysts at Deutsche Bank AG from $48.00 to $51.00. They now have a “buy” rating on the stock.
  • 8/10/2017 – GoDaddy had its price target raised by analysts at Oppenheimer Holdings, Inc. from $47.00 to $50.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 8/9/2017 – GoDaddy had its price target raised by analysts at Royal Bank Of Canada from $44.00 to $47.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – GoDaddy had its price target raised by analysts at Raymond James Financial, Inc. from $47.00 to $48.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – GoDaddy was given a new $41.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 7/25/2017 – GoDaddy was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 7/19/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 7/19/2017 – GoDaddy had its price target raised by analysts at Barclays PLC from $45.00 to $47.00. They now have an “overweight” rating on the stock.
  • 7/11/2017 – GoDaddy was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/6/2017 – GoDaddy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “GoDaddy is a website host and Internet domain registrar. In the first quarter, the company posted strong results with both revenues and earnings beating the Zacks Consensus Estimate.  Also, over the last one year, the stock has outperformed the  Zacks categorized Internet Services Delivery industry. The company’s investment in products, technology platform and customer care, as well as offering innovative and increasingly personalized products and services globally will drive shareholder value. Moreover, its growing international presence will play an important role. However, significant competition, heavy debt burden along with controversies surrounding the company will pose major challenges.”
  • 6/26/2017 – GoDaddy had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald.
  • 6/23/2017 – GoDaddy was given a new $41.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 6/22/2017 – GoDaddy had its price target raised by analysts at Oppenheimer Holdings, Inc. from $44.00 to $47.00. They now have an “outperform” rating on the stock.

Shares of GoDaddy Inc. (NYSE GDDY) traded up 1.37% during midday trading on Wednesday, hitting $42.26. The stock had a trading volume of 1,367,928 shares. The company has a market cap of $4.70 billion, a PE ratio of 332.76 and a beta of 0.65. GoDaddy Inc. has a 52-week low of $31.59 and a 52-week high of $45.26. The company’s 50 day moving average is $42.68 and its 200 day moving average is $39.55.

GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The firm had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, analysts anticipate that GoDaddy Inc. will post $0.17 earnings per share for the current year.

In other news, EVP Nima Kelly sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $44.00, for a total transaction of $880,000.00. Following the transaction, the executive vice president now owns 51,744 shares of the company’s stock, valued at $2,276,736. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Auguste Goldman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $41.86, for a total value of $418,600.00. Following the transaction, the insider now directly owns 15,491 shares in the company, valued at approximately $648,453.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 686,846 shares of company stock worth $29,052,679. Insiders own 25.70% of the company’s stock.

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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