Shares of GoDaddy Inc. (NYSE:GDDY – Get Rating) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $101.40.
GDDY has been the topic of several analyst reports. Barclays reduced their price target on GoDaddy from $118.00 to $104.00 and set an “overweight” rating on the stock in a report on Tuesday. Jefferies Financial Group cut their price objective on GoDaddy from $110.00 to $100.00 in a research report on Tuesday, May 31st. Benchmark raised their price objective on GoDaddy from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Piper Sandler raised GoDaddy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $94.00 to $110.00 in a research report on Monday, April 25th. Finally, StockNews.com assumed coverage on GoDaddy in a research report on Thursday, March 31st. They issued a “buy” rating for the company.
In other GoDaddy news, CEO Amanpal Singh Bhutani sold 1,516 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $73.76, for a total value of $111,820.16. Following the completion of the sale, the chief executive officer now owns 222,535 shares in the company, valued at $16,414,181.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders sold 3,637 shares of company stock valued at $294,262. 0.37% of the stock is owned by company insiders.
Shares of GDDY stock opened at $66.19 on Friday. The stock’s fifty day moving average is $75.68 and its two-hundred day moving average is $77.65. The company has a debt-to-equity ratio of 46.37, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $10.73 billion, a P/E ratio of 37.19, a PEG ratio of 2.14 and a beta of 0.97. GoDaddy has a fifty-two week low of $64.81 and a fifty-two week high of $90.43.
GoDaddy (NYSE:GDDY – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $989.20 million. GoDaddy had a net margin of 7.66% and a negative return on equity of 231.58%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities analysts forecast that GoDaddy will post 2.05 earnings per share for the current year.
GoDaddy Company Profile (Get Rating)
GoDaddy Inc engages in the design and development of cloud-based technology products 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. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.
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