GoDaddy (NYSE:GDDY) Given Neutral Rating at Cantor Fitzgerald

GoDaddy (NYSE:GDDY)‘s stock had its “neutral” rating restated by research analysts at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They currently have a $170.00 target price on the technology company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 6.50% from the company’s current price.

A number of other research firms also recently commented on GDDY. Citigroup increased their price objective on GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, May 31st. Royal Bank of Canada raised their price objective on shares of GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. B. Riley upped their target price on GoDaddy from $143.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Raymond James lifted their price target on GoDaddy from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy has an average rating of “Moderate Buy” and an average price target of $165.00.

GoDaddy Stock Down 0.6 %

GDDY traded down $0.93 on Monday, hitting $159.62. 141,318 shares of the company were exchanged, compared to its average volume of 1,547,866. The firm has a 50-day moving average price of $154.36 and a two-hundred day moving average price of $139.11. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. GoDaddy has a twelve month low of $71.15 and a twelve month high of $167.65. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 13.26 and a beta of 1.13.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.06). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. GoDaddy had a net margin of 41.12% and a negative return on equity of 709.73%. GoDaddy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, equities analysts predict that GoDaddy will post 5.06 earnings per share for the current year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Sigal Zarmi sold 400 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the transaction, the director now owns 4,661 shares in the company, valued at $734,620.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sigal Zarmi sold 400 shares of GoDaddy stock in a transaction on Friday, August 9th. The stock was sold at an average price of $157.61, for a total transaction of $63,044.00. Following the completion of the transaction, the director now directly owns 4,661 shares of the company’s stock, valued at $734,620.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Roger Chen sold 4,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $139.79, for a total value of $559,160.00. Following the completion of the sale, the chief operating officer now directly owns 192,632 shares in the company, valued at approximately $26,928,027.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,744 shares of company stock valued at $4,816,386. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GoDaddy

A number of large investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in shares of GoDaddy during the second quarter worth about $28,000. ORG Partners LLC acquired a new position in GoDaddy in the second quarter valued at $32,000. V Square Quantitative Management LLC purchased a new stake in shares of GoDaddy during the 4th quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in GoDaddy during the second quarter worth approximately $36,000. Finally, GAMMA Investing LLC boosted its position in GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

About GoDaddy

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 website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.