Godaddy Inc to Post Q1 2018 Earnings of $0.07 Per Share, Jefferies Group Forecasts (GDDY)

Godaddy Inc (NYSE:GDDY) – Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Godaddy in a research report issued on Thursday. Jefferies Group analyst B. Thill forecasts that the technology company will earn $0.07 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for Godaddy’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.16 EPS.

Godaddy (NYSE:GDDY) last posted its earnings results on Monday, November 6th. The technology company reported $0.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Godaddy had a return on equity of 7.89% and a net margin of 2.34%.

Other research analysts have also issued reports about the company. TheStreet upgraded Godaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Oppenheimer reiterated a “buy” rating and set a $53.00 target price (up from $50.00) on shares of Godaddy in a report on Tuesday, November 7th. Stifel Nicolaus lifted their target price on Godaddy from $41.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered Godaddy from a “hold” rating to a “sell” rating in a report on Thursday. Finally, BidaskClub upgraded Godaddy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.43.

Godaddy (NYSE:GDDY) opened at $51.67 on Monday. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $8,600.00 and a PE ratio of 397.46. Godaddy has a twelve month low of $34.58 and a twelve month high of $52.11.

In other news, SVP Auguste Goldman sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $48.62, for a total value of $388,960.00. Following the sale, the senior vice president now directly owns 13,491 shares in the company, valued at $655,932.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $50.85, for a total value of $1,779,750.00. Following the completion of the sale, the insider now owns 46,113 shares in the company, valued at $2,344,846.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,852,345 shares of company stock worth $371,099,712. Corporate insiders own 22.68% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Godaddy by 48.3% in the third quarter. Bank of New York Mellon Corp now owns 362,619 shares of the technology company’s stock valued at $15,777,000 after acquiring an additional 118,109 shares during the last quarter. Rhumbline Advisers increased its position in shares of Godaddy by 33.7% in the third quarter. Rhumbline Advisers now owns 114,233 shares of the technology company’s stock valued at $4,970,000 after acquiring an additional 28,774 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Godaddy in the second quarter valued at about $848,000. Vanguard Group Inc. increased its position in shares of Godaddy by 26.8% in the second quarter. Vanguard Group Inc. now owns 7,553,811 shares of the technology company’s stock valued at $320,434,000 after acquiring an additional 1,598,137 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Godaddy by 628.1% in the third quarter. Capital International Investors now owns 3,715,574 shares of the technology company’s stock valued at $161,665,000 after acquiring an additional 3,205,274 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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Godaddy Company Profile

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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