GoDaddy (NYSE:GDDY) Price Target Raised to $130.00

GoDaddy (NYSE:GDDY) had its target price boosted by UBS Group from $118.00 to $130.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of GoDaddy from $128.00 to $136.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. B. Riley increased their price objective on shares of GoDaddy from $124.00 to $142.00 and gave the company a buy rating in a report on Thursday, March 7th. Barclays increased their price objective on shares of GoDaddy from $130.00 to $150.00 and gave the company an overweight rating in a report on Friday. Royal Bank of Canada increased their target price on shares of GoDaddy from $124.00 to $145.00 and gave the stock an outperform rating in a report on Friday. Finally, Raymond James started coverage on shares of GoDaddy in a report on Wednesday, March 27th. They set a strong-buy rating and a $150.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GoDaddy currently has an average rating of Moderate Buy and an average target price of $142.73.

GoDaddy Stock Up 3.8 %

GoDaddy stock opened at $128.34 on Friday. The firm has a fifty day moving average price of $120.27 and a two-hundred day moving average price of $107.24. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 10.66 and a beta of 1.09. The company has a debt-to-equity ratio of 9.15, a current ratio of 0.55 and a quick ratio of 0.47. GoDaddy has a fifty-two week low of $68.98 and a fifty-two week high of $128.60.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. As a group, analysts forecast that GoDaddy will post 4.93 earnings per share for the current year.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $122.60, for a total value of $490,400.00. Following the completion of the transaction, the chief operating officer now owns 200,632 shares of the company’s stock, valued at approximately $24,597,483.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other GoDaddy news, CFO Mark Mccaffrey sold 28,392 shares of GoDaddy stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $110.54, for a total value of $3,138,451.68. Following the completion of the sale, the chief financial officer now owns 120,952 shares in the company, valued at approximately $13,370,034.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $122.60, for a total transaction of $490,400.00. Following the completion of the sale, the chief operating officer now owns 200,632 shares of the company’s stock, valued at approximately $24,597,483.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,234 shares of company stock valued at $14,025,346. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of GoDaddy

Several hedge funds and other institutional investors have recently bought and sold shares of GDDY. V Square Quantitative Management LLC bought a new stake in shares of GoDaddy during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC boosted its stake in shares of GoDaddy by 102.3% in the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 133 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of GoDaddy in the 4th quarter valued at $33,000. Massmutual Trust Co. FSB ADV lifted its position in shares of GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock valued at $37,000 after acquiring an additional 205 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of GoDaddy during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy 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 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.