GoDaddy Inc. (GDDY) Given Buy Rating at Monness Crespi & Hardt
A number of other research analysts also recently issued reports on the company. RBC Capital Markets reaffirmed an outperform rating on shares of GoDaddy in a report on Thursday. Summit Redstone downgraded GoDaddy from a buy rating to a hold rating and set a $37.00 price target on the stock. in a report on Thursday. B. Riley reaffirmed a buy rating and set a $45.00 price target on shares of GoDaddy in a report on Thursday. Zacks Investment Research raised GoDaddy from a hold rating to a strong-buy rating and set a $41.00 price target on the stock in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed an overweight rating and set a $42.00 price target on shares of GoDaddy in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. GoDaddy has an average rating of Buy and a consensus target price of $40.21.
GoDaddy (NYSE:GDDY) opened at 35.88 on Thursday. The firm has a 50-day moving average price of $35.61 and a 200 day moving average price of $34.48. The company’s market cap is $3.14 billion. GoDaddy has a 52 week low of $27.59 and a 52 week high of $37.54.
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In other GoDaddy news, EVP Nima Kelly sold 10,000 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the transaction, the executive vice president now owns 34,783 shares of the company’s stock, valued at $1,286,971. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Barbara J. Rechterman sold 39,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $36.21, for a total value of $1,412,190.00. Following the completion of the transaction, the insider now directly owns 69,650 shares in the company, valued at approximately $2,522,026.50. The disclosure for this sale can be found here. In the last three months, insiders sold 559,807 shares of company stock worth $19,880,750. 25.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GDDY. Chicago Equity Partners LLC purchased a new position in GoDaddy during the second quarter worth $290,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of GoDaddy during the second quarter worth approximately $8,287,000. Teacher Retirement System of Texas boosted its stake in shares of GoDaddy by 89.4% in the second quarter. Teacher Retirement System of Texas now owns 6,098 shares of the company’s stock worth $190,000 after buying an additional 2,878 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of GoDaddy by 60.8% in the second quarter. Vanguard Group Inc. now owns 4,725,249 shares of the company’s stock worth $147,381,000 after buying an additional 1,786,473 shares during the last quarter. Finally, Technology Crossover Management VII Ltd. boosted its stake in shares of GoDaddy by 194.2% in the second quarter. Technology Crossover Management VII Ltd. now owns 14,267,080 shares of the company’s stock worth $444,990,000 after buying an additional 9,418,073 shares during the last quarter.
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.
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