Equities research analysts expect Godaddy Inc (NYSE:GDDY) to report sales of $761.09 million for the current quarter, Zacks reports. Ten analysts have issued estimates for Godaddy’s earnings, with estimates ranging from $756.50 million to $767.00 million. Godaddy posted sales of $679.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The company is scheduled to issue its next earnings report on Tuesday, November 5th.
On average, analysts expect that Godaddy will report full year sales of $2.99 billion for the current fiscal year, with estimates ranging from $2.98 billion to $3.00 billion. For the next year, analysts forecast that the company will post sales of $3.32 billion, with estimates ranging from $3.28 billion to $3.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Godaddy.
Godaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $737.20 million during the quarter, compared to the consensus estimate of $735.40 million. Godaddy had a net margin of 1.98% and a return on equity of 11.44%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS.
GDDY has been the subject of several research analyst reports. Morgan Stanley set a $95.00 target price on shares of Godaddy and gave the stock a “buy” rating in a report on Friday, May 3rd. ValuEngine downgraded shares of Godaddy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays reaffirmed a “buy” rating and set a $90.00 target price on shares of Godaddy in a report on Monday, May 6th. TheStreet downgraded shares of Godaddy from a “b” rating to a “c” rating in a report on Tuesday, May 21st. Finally, Raymond James reduced their target price on shares of Godaddy from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Godaddy presently has an average rating of “Buy” and an average price target of $88.89.
Shares of GDDY stock traded up $0.77 during midday trading on Wednesday, hitting $63.55. 2,342,000 shares of the company were exchanged, compared to its average volume of 2,249,373. The firm has a market capitalization of $11.15 billion, a P/E ratio of 100.87, a PEG ratio of 7.07 and a beta of 0.63. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average price is $70.48 and its two-hundred day moving average price is $73.64. Godaddy has a 52 week low of $56.67 and a 52 week high of $84.97.
In other Godaddy news, insider Nima Kelly sold 2,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $74.54, for a total value of $149,080.00. Following the completion of the sale, the insider now owns 128,009 shares of the company’s stock, valued at approximately $9,541,790.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Wagner sold 37,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.87, for a total transaction of $2,733,190.00. The disclosure for this sale can be found here. Insiders sold a total of 76,342 shares of company stock valued at $5,498,055 in the last three months. Insiders own 12.64% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Godaddy by 23.7% in the 2nd quarter. BlackRock Inc. now owns 14,344,269 shares of the technology company’s stock valued at $1,006,251,000 after purchasing an additional 2,747,523 shares during the period. Janus Henderson Group PLC raised its position in shares of Godaddy by 5.5% in the 2nd quarter. Janus Henderson Group PLC now owns 8,369,171 shares of the technology company’s stock valued at $587,096,000 after buying an additional 436,616 shares in the last quarter. FMR LLC raised its position in shares of Godaddy by 32.6% in the 1st quarter. FMR LLC now owns 8,332,155 shares of the technology company’s stock valued at $626,495,000 after buying an additional 2,046,952 shares in the last quarter. Winslow Capital Management LLC raised its position in shares of Godaddy by 3.3% in the 2nd quarter. Winslow Capital Management LLC now owns 4,042,013 shares of the technology company’s stock valued at $283,547,000 after buying an additional 129,681 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Godaddy by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,660,300 shares of the technology company’s stock valued at $256,770,000 after buying an additional 94,900 shares in the last quarter. 97.98% 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. 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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