Godaddy (NYSE:GDDY)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a research note issued on Tuesday. They currently have a $53.00 price objective on the technology company’s stock. B. Riley’s price objective indicates a potential upside of 14.99% from the company’s previous close.

GDDY has been the topic of a number of other research reports. BidaskClub raised Godaddy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. Piper Jaffray Companies boosted their price objective on Godaddy from $53.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, November 13th. Deutsche Bank boosted their price objective on Godaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Jefferies Group reissued a “buy” rating and set a $55.00 price objective on shares of Godaddy in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus boosted their price objective on Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Godaddy has a consensus rating of “Buy” and a consensus price target of $50.00.

Shares of Godaddy (NYSE GDDY) traded down $1.23 on Tuesday, hitting $46.09. The company had a trading volume of 5,523,600 shares, compared to its average volume of 1,231,369. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. Godaddy has a 52-week low of $34.27 and a 52-week high of $51.29. The stock has a market capitalization of $7,889.66, a PE ratio of 152.65, a price-to-earnings-growth ratio of 8.42 and a beta of 0.65.

In related news, insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $49.83, for a total value of $1,744,050.00. Following the completion of the sale, the insider now directly owns 50,427 shares of the company’s stock, valued at approximately $2,512,777.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Auguste Goldman sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $48.62, for a total value of $388,960.00. Following the completion of the sale, the senior vice president now directly owns 13,491 shares of the company’s stock, valued at $655,932.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,228,316 shares of company stock worth $535,995,132. Company insiders own 22.68% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC lifted its position in Godaddy by 55.8% during the 1st quarter. Teachers Advisors LLC now owns 96,501 shares of the technology company’s stock worth $3,657,000 after acquiring an additional 34,575 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Godaddy by 37.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 139,990 shares of the technology company’s stock valued at $5,305,000 after buying an additional 38,370 shares during the period. Morgan Stanley lifted its holdings in shares of Godaddy by 101.2% in the 1st quarter. Morgan Stanley now owns 70,970 shares of the technology company’s stock valued at $2,690,000 after buying an additional 35,700 shares during the period. State Street Corp lifted its holdings in shares of Godaddy by 6.2% in the 1st quarter. State Street Corp now owns 591,293 shares of the technology company’s stock valued at $22,412,000 after buying an additional 34,704 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of Godaddy by 5.6% in the 2nd quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock valued at $297,000 after buying an additional 373 shares during the period. 84.26% of the stock is owned by hedge funds and other institutional investors.

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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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