Recent Analysts’ Ratings Updates for GoDaddy (GDDY)

A number of research firms have changed their ratings and price targets for GoDaddy (NYSE: GDDY):

  • 9/2/2017 – GoDaddy was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/26/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 8/26/2017 – GoDaddy had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/24/2017 – GoDaddy is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $55.00 price target on the stock.
  • 8/21/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 8/15/2017 – GoDaddy is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $50.00 price target on the stock.
  • 8/14/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 8/14/2017 – GoDaddy had its price target raised by analysts at Deutsche Bank AG from $48.00 to $51.00. They now have a “buy” rating on the stock.
  • 8/10/2017 – GoDaddy had its price target raised by analysts at Oppenheimer Holdings, Inc. from $47.00 to $50.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 8/9/2017 – GoDaddy had its price target raised by analysts at Royal Bank Of Canada from $44.00 to $47.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – GoDaddy had its price target raised by analysts at Raymond James Financial, Inc. from $47.00 to $48.00. They now have an “outperform” rating on the stock.
  • 8/9/2017 – GoDaddy was given a new $41.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 7/25/2017 – GoDaddy was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 7/19/2017 – GoDaddy had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $53.00 price target on the stock.
  • 7/19/2017 – GoDaddy had its price target raised by analysts at Barclays PLC from $45.00 to $47.00. They now have an “overweight” rating on the stock.

Shares of GoDaddy Inc. (NYSE:GDDY) traded down 0.25% during mid-day trading on Tuesday, reaching $43.87. The company had a trading volume of 693,876 shares. The firm has a 50-day moving average price of $42.93 and a 200-day moving average price of $40.33. GoDaddy Inc. has a 1-year low of $31.63 and a 1-year high of $45.33. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 345.43 and a beta of 0.64.

GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The firm had revenue of $557.80 million for the quarter, compared to analysts’ expectations of $551.26 million. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. GoDaddy’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities analysts expect that GoDaddy Inc. will post $0.33 earnings per share for the current year.

In other GoDaddy news, EVP Nima Kelly sold 8,112 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $45.00, for a total transaction of $365,040.00. Following the transaction, the executive vice president now owns 39,856 shares of the company’s stock, valued at approximately $1,793,520. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $41.96, for a total value of $1,468,600.00. Following the transaction, the insider now directly owns 54,741 shares in the company, valued at approximately $2,296,932.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,462,300 shares of company stock worth $281,762,088. 25.70% of the stock is owned by insiders.

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.

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