Godaddy (GDDY) to Release Quarterly Earnings on Thursday

Godaddy (NYSE:GDDY) will be announcing its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Shares of Godaddy (GDDY) opened at $54.77 on Thursday. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. Godaddy has a one year low of $34.58 and a one year high of $56.20. The stock has a market cap of $9,110.00 and a price-to-earnings ratio of 421.31.

Several analysts have issued reports on GDDY shares. Royal Bank of Canada reissued a “buy” rating and set a $53.00 target price on shares of Godaddy in a research note on Wednesday, November 22nd. Piper Jaffray Companies boosted their target price on shares of Godaddy from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, November 13th. Morgan Stanley boosted their target price on shares of Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Oppenheimer reissued a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Finally, Wedbush started coverage on shares of Godaddy in a research note on Friday, December 8th. They set a “neutral” rating and a $52.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $51.80.

In related news, insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $52.97, for a total value of $1,853,950.00. Following the completion of the sale, the insider now directly owns 46,113 shares in the company, valued at $2,442,605.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nima Kelly sold 38,672 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $50.00, for a total transaction of $1,933,600.00. Following the completion of the sale, the executive vice president now owns 67,606 shares of the company’s stock, valued at $3,380,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,743,121 shares of company stock worth $366,571,743. 22.68% of the stock is currently owned by corporate insiders.

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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.

Earnings History for Godaddy (NYSE:GDDY)

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