GoDaddy (NYSE:GDDY) reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $65.93 and last traded at $65.84, with a volume of 513630 shares traded. The stock had previously closed at $65.05.
Several equities research analysts have issued reports on GDDY shares. Morgan Stanley increased their target price on GoDaddy from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. SunTrust Banks increased their target price on GoDaddy to $71.00 and gave the stock a “buy” rating in a research report on Friday, March 23rd. Deutsche Bank increased their target price on GoDaddy from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Royal Bank of Canada increased their price objective on GoDaddy to $69.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $62.67.
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The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 4.41. The stock has a market cap of $11,046.63, a price-to-earnings ratio of 205.56, a PEG ratio of 7.85 and a beta of 0.55.
GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. GoDaddy had a return on equity of 9.87% and a net margin of 6.45%. The business had revenue of $602.20 million for the quarter, compared to the consensus estimate of $593.47 million. analysts forecast that GoDaddy will post 0.42 earnings per share for the current fiscal year.
In other GoDaddy news, insider Steven Aldrich sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $61.38, for a total transaction of $613,800.00. Following the sale, the insider now owns 17,391 shares in the company, valued at $1,067,459.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Fund Holdings L.P. Kkr sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $59.21, for a total value of $296,050,000.00. The disclosure for this sale can be found here. Insiders have sold 13,684,105 shares of company stock worth $810,489,833 in the last 90 days. Company insiders own 22.68% of the company’s stock.
Large investors have recently made changes to their positions in the company. California Public Employees Retirement System grew its stake in shares of GoDaddy by 26.6% during the fourth quarter. California Public Employees Retirement System now owns 159,033 shares of the technology company’s stock valued at $7,996,000 after buying an additional 33,433 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of GoDaddy by 13.9% during the fourth quarter. Bank of New York Mellon Corp now owns 413,131 shares of the technology company’s stock valued at $20,772,000 after buying an additional 50,512 shares during the last quarter. Riverbridge Partners LLC bought a new position in shares of GoDaddy during the fourth quarter valued at about $26,202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GoDaddy by 43.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,624 shares of the technology company’s stock valued at $333,000 after buying an additional 2,019 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of GoDaddy by 13.6% during the fourth quarter. Millennium Management LLC now owns 416,370 shares of the technology company’s stock valued at $20,935,000 after buying an additional 49,739 shares during the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.