Godaddy (NYSE:GDDY) issued its earnings results on Thursday. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03), Fidelity Earnings reports. The firm had revenue of $780.40 million during the quarter, compared to analysts’ expectations of $777.03 million. Godaddy had a return on equity of 19.05% and a net margin of 4.10%. Godaddy updated its FY 2020
After-Hours guidance to EPS and its Q1 2020
After-Hours guidance to EPS.
Godaddy stock traded up $7.53 during trading hours on Friday, reaching $78.40. The company had a trading volume of 346,802 shares, compared to its average volume of 1,190,343. The company has a debt-to-equity ratio of 3.78, a current ratio of 0.75 and a quick ratio of 0.75. Godaddy has a 12-month low of $59.93 and a 12-month high of $82.30. The company has a 50-day moving average price of $69.98 and a 200 day moving average price of $66.97. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 118.77, a P/E/G ratio of 4.14 and a beta of 0.67.
In other Godaddy news, COO Ah Kee Andrew Low sold 1,022 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $67.32, for a total value of $68,801.04. Also, insider Nima Kelly sold 576 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $66.82, for a total transaction of $38,488.32. Following the completion of the transaction, the insider now owns 126,226 shares in the company, valued at approximately $8,434,421.32. The disclosure for this sale can be found here. Insiders sold 5,462 shares of company stock valued at $372,963 in the last quarter. Corporate insiders own 12.64% of the company’s stock.
Several research analysts have commented on the stock. Piper Sandler decreased their price target on shares of Godaddy from $91.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Godaddy from a “hold” rating to a “strong-buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, January 21st. TheStreet raised shares of Godaddy from a “c+” rating to a “b-” rating in a report on Monday, November 18th. ValuEngine raised shares of Godaddy from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Finally, Wedbush reiterated a “neutral” rating on shares of Godaddy in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Godaddy presently has a consensus rating of “Buy” and a consensus target price of $87.90.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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