GoDaddy Inc. (NYSE:GDDY) shares traded -2.29% lower at $75.53 on Wall Street last session.
In accordance with the data, 16 analysts cover GoDaddy Inc. (NYSE:GDDY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $103.00 and a low of $77.00, we find $89.50. Given the previous closing price of $77.30, this indicates a potential upside of 15.78 percent. GDDY stock price is now 1.55% away from the 50-day moving average and 0.13% away from the 200-day moving average. The market capitalization of the company currently stands at $11.56B.
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It has been rated a hold by 6 analysts and a buy by 7. Brokers who have rated the stock have averaged $90.09 as their price target over the next twelve months.
With the price target of $102, B. Riley Securities recently initiated with Buy rating for GoDaddy Inc. (NYSE: GDDY).
In other news, Daddario Nick, Chief Accounting Officer sold 300 shares of the company’s stock on Jul 13. The stock was sold for $23,400 at an average price of $78.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 20,122 shares in the company, valued at $1.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, Chief Financial Officer McCaffrey Mark sold 7,013 shares of the business’s stock. A total of $525,492 was realized by selling the stock at an average price of $74.93. This leaves the insider owning 85,596 shares of the company worth $6.47 million. Insiders disposed of 58,001 shares of company stock worth roughly $4.38 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 $11,254,000. TUDOR INVESTMENT CORP ET AL invested $8,104,000 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 $7,681,000. ING GROEP NV acquired a new stake in GDDY for approximately $5,930,000. CANADA PENSION PLAN INVESTMENT BOARD purchased a new stake in GDDY valued at around $3,588,000 in the second quarter.
GoDaddy Inc. (NYSE: GDDY) opened at $76.44 on Wednesday. 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 $14.99B, which is based on a 36.24 price-to-earnings ratio, a 1.94 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for GDDY is $74.46 and a two-hundred day moving average price translates $75.44 for the stock.
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.
