GoDaddy (NYSE:GDDY) Given New $225.00 Price Target at B. Riley

GoDaddy (NYSE:GDDY) had its price target boosted by B. Riley from $220.00 to $225.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of GoDaddy in a report on Monday, February 3rd. They set an “equal weight” rating and a $198.00 price target on the stock. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 target price (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Robert W. Baird boosted their target price on shares of GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

GoDaddy Stock Down 14.1 %

GoDaddy stock opened at $182.58 on Friday. GoDaddy has a fifty-two week low of $108.02 and a fifty-two week high of $216.00. The stock has a market cap of $25.63 billion, a PE ratio of 14.11 and a beta of 1.15. The firm’s 50-day simple moving average is $204.20 and its 200 day simple moving average is $179.81. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. Research analysts predict that GoDaddy will post 4.96 EPS for the current fiscal year.

Insider Activity

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $197.77, for a total transaction of $593,310.00. Following the sale, the chief executive officer now owns 342,956 shares of the company’s stock, valued at approximately $67,826,408.12. This represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $207.35, for a total transaction of $207,350.00. Following the sale, the chief operating officer now directly owns 184,632 shares in the company, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,482 shares of company stock valued at $4,709,650 over the last quarter. Company insiders own 0.61% of the company’s stock.

Institutional Trading of GoDaddy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in GoDaddy during the 3rd quarter worth approximately $27,000. Anchor Investment Management LLC bought a new position in shares of GoDaddy in the 3rd quarter worth $31,000. Versant Capital Management Inc bought a new position in shares of GoDaddy in the 4th quarter worth $43,000. Rakuten Securities Inc. increased its holdings in shares of GoDaddy by 311.3% in the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 165 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company’s stock worth $48,000 after buying an additional 230 shares during the last quarter. Institutional investors 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.