GoDaddy Inc. (NYSE:GDDY) was upgraded by equities research analysts at B. Riley to a “buy” rating in a report issued on Sunday. The firm presently has a $45.00 target price on the stock. B. Riley’s price target would indicate a potential upside of 22.22% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Monness Crespi & Hardt lowered shares of GoDaddy from a “buy” rating to a “neutral” rating in a report on Tuesday, November 1st. They noted that the move was a valuation call. Piper Jaffray Cos. restated an “overweight” rating and set a $50.00 target price (up previously from $40.00) on shares of GoDaddy in a report on Monday, October 24th. Vetr lowered shares of GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 target price on the stock. in a report on Thursday, October 6th. Zacks Investment Research upgraded shares of GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, October 5th. Finally, Deutsche Bank AG lifted their target price on shares of GoDaddy from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.
GoDaddy (NYSE:GDDY) opened at 36.82 on Friday. The firm’s market cap is $3.22 billion. GoDaddy has a 1-year low of $23.88 and a 1-year high of $36.98. The firm has a 50-day moving average of $34.99 and a 200 day moving average of $32.71.
GoDaddy (NYSE:GDDY) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $472.10 million for the quarter, compared to analyst estimates of $470.07 million. GoDaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. GoDaddy’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. On average, analysts predict that GoDaddy will post ($0.04) EPS for the current year.
In related news, insider Auguste Goldman sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $32.47, for a total transaction of $32,470.00. Following the completion of the sale, the insider now owns 2,586 shares of the company’s stock, valued at approximately $83,967.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Barbara J. Rechterman sold 19,500 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $36.38, for a total transaction of $709,410.00. Following the sale, the chief marketing officer now directly owns 69,650 shares of the company’s stock, valued at approximately $2,533,867. The disclosure for this sale can be found here. 25.70% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its stake in shares of GoDaddy by 105.9% in the third quarter. D.A. Davidson & CO. now owns 10,189 shares of the company’s stock worth $350,000 after buying an additional 5,240 shares in the last quarter. LPL Financial LLC raised its position in GoDaddy by 8.7% in the third quarter. LPL Financial LLC now owns 14,370 shares of the company’s stock worth $500,000 after buying an additional 1,146 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in GoDaddy by 55.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 457,849 shares of the company’s stock worth $15,808,000 after buying an additional 163,926 shares during the last quarter. Credit Suisse AG raised its position in GoDaddy by 21.6% in the third quarter. Credit Suisse AG now owns 55,844 shares of the company’s stock worth $1,928,000 after buying an additional 9,904 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in GoDaddy during the third quarter worth about $954,000.