The price of GoDaddy Inc. (NYSE:GDDY) shares last traded on Wall Street rose 0.72% to $77.45.
GDDY stock price is now 5.98% away from the 50-day moving average and 2.99% away from the 200-day moving average. The market capitalization of the company currently stands at $11.95B.
With the price target of $102, B. Riley Securities recently initiated with Buy rating for GoDaddy Inc. (NYSE: GDDY).
In other news, McCaffrey Mark, Chief Financial Officer sold 7,013 shares of the company’s stock on Jul 05. The stock was sold for $525,492 at an average price of $74.93. Upon completion of the transaction, the Chief Financial Officer now directly owns 85,596 shares in the company, valued at $6.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, Chief Executive Officer Bhutani Amanpal Singh sold 2,016 shares of the business’s stock. A total of $151,061 was realized by selling the stock at an average price of $74.93. This leaves the insider owning 273,125 shares of the company worth $21.15 million. Insiders disposed of 56,336 shares of company stock worth roughly $4.36 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GDDY stock. A new stake in GoDaddy Inc. shares was purchased by NATIXIS during the first quarter worth $11,540,000. TUDOR INVESTMENT CORP ET AL invested $8,310,000 in shares of GDDY during the first quarter. In the first quarter, VERISTAR CAPITAL MANAGEMENT LP acquired a new stake in GoDaddy Inc. valued at approximately $7,877,000. SEIZERT CAPITAL PARTNERS, LLC acquired a new stake in GDDY for approximately $7,167,000. ING GROEP NV purchased a new stake in GDDY valued at around $6,081,000 in the second quarter. In total, there are 708 active investors with 98.60% ownership of the company’s stock.
A candlestick chart of GoDaddy Inc. (NYSE: GDDY) showed a price of $77.79 on Wednesday morning. During the past 12 months, GoDaddy Inc. has had a low of $64.65 and a high of $85.32. According to the stock market information, the enterprise value for the company is $15.02B, which is based on a 37.16 price-to-earnings ratio, a 1.99 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for GDDY is $73.12 and a two-hundred day moving average price translates $75.24 for the stock.
The latest earnings results from GoDaddy Inc. (NYSE: GDDY) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.3, missing analysts’ expectations of $0.5 by -0.2. This compares to $0.41 EPS in the same period last year. The net profit margin was 8.00% and return on equity was -93.60% for GDDY. The company reported revenue of $1.04 billion for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.32 percent. For the current quarter, analysts expect GDDY to generate $1.06B in revenue.
GoDaddy Inc.(GDDY) Company Profile
GoDaddy Inc. engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized hosting platform that allows customers to build and manage a faster and more secure WordPress site and offered with WooCommerce to sell online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and engage customers and create content. The segment also offers connected commerce comprising Smart Terminal, a dual screen all-in-one Point-of-Sale system that allows customers to manage in-store inventory and product catalogs and take payments; GoDaddy Payments, a payment facilitator that enables customers to accept all major forms of payments; and email service plans with a multi-feature web interface, and Microsoft Office 365 accounts that connects to customers’ domains. The Core Platform segment offers domain products, including primary registrations, domain aftermarket platform, and domain name add-ons, as well as GoDaddy Registry, a provider of domain name registry services; and hosting and security services comprising shared website hosting, website hosting on virtual private servers and virtual dedicated servers, and managed hosting services, as well as security products with a comprehensive suite of tools designed to help secure customers’ online presence. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was incorporated in 2014 and is headquartered in Tempe, Arizona.
