Weekly Investment Analysts’ Ratings Changes for GoDaddy (GDDY)

Several brokerages have updated their recommendations and price targets on shares of GoDaddy (NYSE: GDDY) in the last few weeks:

  • 4/2/2018 – GoDaddy had its price target raised by analysts at JMP Securities from $68.00 to $74.00. They now have an “outperform” rating on the stock.
  • 4/2/2018 – GoDaddy was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/2/2018 – GoDaddy had its “buy” rating reaffirmed by analysts at William Blair.
  • 3/29/2018 – GoDaddy had its price target raised by analysts at Oppenheimer Holdings from $65.00 to $70.00. They now have an “outperform” rating on the stock.
  • 3/29/2018 – GoDaddy had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $69.00 price target on the stock.
  • 3/29/2018 – GoDaddy had its “buy” rating reaffirmed by analysts at SunTrust Banks. They now have a $75.00 price target on the stock.
  • 3/28/2018 – GoDaddy had its “hold” rating reaffirmed by analysts at Summit Insights.
  • 3/23/2018 – GoDaddy had its price target raised by analysts at SunTrust Banks to $71.00. They now have a “buy” rating on the stock.
  • 3/23/2018 – GoDaddy is now covered by analysts at Goldman Sachs. They set a “buy” rating on the stock.
  • 2/26/2018 – GoDaddy had its price target raised by analysts at Citigroup from $49.00 to $58.00. They now have a “neutral” rating on the stock.
  • 2/23/2018 – GoDaddy had its price target raised by analysts at Morgan Stanley from $59.00 to $64.00. They now have an “overweight” rating on the stock.
  • 2/23/2018 – GoDaddy had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $70.00 price target on the stock.
  • 2/23/2018 – GoDaddy had its price target raised by analysts at Royal Bank of Canada to $69.00. They now have an “outperform” rating on the stock.
  • 2/23/2018 – GoDaddy had its price target raised by analysts at JMP Securities from $60.00 to $68.00. They now have a “market outperform” rating on the stock.
  • 2/23/2018 – GoDaddy had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $52.00 price target on the stock, up previously from $44.00.
  • 2/23/2018 – GoDaddy had its price target raised by analysts at Deutsche Bank from $60.00 to $72.00. They now have a “buy” rating on the stock.
  • 2/23/2018 – GoDaddy had its price target raised by analysts at B. Riley from $53.00 to $65.00. They now have a “buy” rating on the stock.

NYSE GDDY opened at $62.13 on Tuesday. GoDaddy has a fifty-two week low of $36.02 and a fifty-two week high of $64.49. The firm has a market capitalization of $10,339.63, a PE ratio of 147.93, a P/E/G ratio of 7.35 and a beta of 0.55. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.41.

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GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. GoDaddy had a return on equity of 9.87% and a net margin of 6.45%. The company had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $593.47 million. research analysts predict that GoDaddy will post 0.42 earnings per share for the current fiscal year.

In other news, insider Steven Aldrich sold 10,000 shares of GoDaddy stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $61.77, for a total value of $617,700.00. Following the completion of the sale, the insider now owns 37,596 shares of the company’s stock, valued at $2,322,304.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert R. Parsons sold 8,000,000 shares of GoDaddy stock in a transaction on Monday, March 5th. The shares were sold at an average price of $59.21, for a total value of $473,680,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,760,913 shares of company stock valued at $814,243,334. Insiders own 22.68% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. American International Group Inc. purchased a new stake in GoDaddy during the fourth quarter valued at about $150,000. QS Investors LLC purchased a new stake in GoDaddy during the fourth quarter valued at about $156,000. AXA purchased a new stake in GoDaddy during the fourth quarter valued at about $201,000. US Bancorp DE grew its position in GoDaddy by 10,297.6% during the fourth quarter. US Bancorp DE now owns 4,263 shares of the technology company’s stock valued at $214,000 after acquiring an additional 4,222 shares during the period. Finally, Jefferies Group LLC purchased a new stake in GoDaddy during the fourth quarter valued at about $231,000. 86.87% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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