GoDaddy Inc. (GDDY) Given a $40.00 Price Target at Piper Jaffray Cos.
GoDaddy Inc. (NYSE:GDDY) has been given a $40.00 price objective by stock analysts at Piper Jaffray Cos. in a note issued to investors on Monday. The brokerage presently has a a “buy” rating on the stock. Piper Jaffray Cos.’s target price would suggest a potential upside of 19.23% from the stock’s previous close.
A number of other equities research analysts have also commented on GDDY. Citigroup Inc. lowered shares of GoDaddy from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Tuesday, June 7th. Raymond James Financial Inc. began coverage on shares of GoDaddy in a research note on Tuesday, June 14th. They issued an “outperform” rating and a $37.00 target price on the stock. Zacks Investment Research lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. B. Riley reaffirmed a “neutral” rating and issued a $33.50 target price on shares of GoDaddy in a research note on Thursday, August 4th. Finally, Royal Bank Of Canada raised their target price on shares of GoDaddy from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.88.
Shares of GoDaddy (NYSE:GDDY) traded up 0.72% on Monday, reaching $33.55. 1,158,773 shares of the company were exchanged. The stock’s market capitalization is $5.11 billion. GoDaddy has a 12 month low of $23.39 and a 12 month high of $35.35. The stock has a 50 day moving average price of $32.04 and a 200-day moving average price of $31.43.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/19/godaddy-inc-gddy-given-a-40-00-price-target-at-piper-jaffray-cos.html
GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. GoDaddy had a negative return on equity of 3.30% and a negative net margin of 1.26%. The company had revenue of $456.20 million for the quarter, compared to the consensus estimate of $450.51 million. During the same period in the prior year, the company earned ($0.46) EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. On average, equities analysts expect that GoDaddy will post ($0.04) EPS for the current fiscal year.
In other GoDaddy news, insider Auguste Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. Following the sale, the insider now directly owns 2,339 shares in the company, valued at approximately $74,848. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James M. Carroll sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $32.04, for a total transaction of $1,922,400.00. Following the sale, the executive vice president now owns 60,091 shares in the company, valued at $1,925,315.64. The disclosure for this sale can be found here. 25.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of GoDaddy by 1,066.7% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock valued at $109,000 after buying an additional 3,200 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of GoDaddy by 97.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,501 shares of the company’s stock valued at $109,000 after buying an additional 1,732 shares during the period. Advisor Group Inc. bought a new stake in shares of GoDaddy during the second quarter valued at approximately $113,000. Independent Portfolio Consultants Inc. increased its stake in shares of GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock valued at $124,000 after buying an additional 425 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of GoDaddy by 8,301.9% in the second quarter. Legal & General Group Plc now owns 4,537 shares of the company’s stock valued at $141,000 after buying an additional 4,483 shares during the period.
GoDaddy Company Profile
GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company 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.
Receive News & Ratings for GoDaddy Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for GoDaddy Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.