GoDaddy Inc. (NYSE:GDDY) had its price target raised by stock analysts at Royal Bank Of Canada from $44.00 to $47.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 10.72% from the stock’s current price.

GDDY has been the topic of several other reports. Cantor Fitzgerald raised their price target on shares of GoDaddy from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 3rd. BidaskClub lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus set a $41.00 price target on shares of GoDaddy and gave the stock a “hold” rating in a research report on Friday, June 23rd. Oppenheimer Holdings, Inc. raised their price target on shares of GoDaddy from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, June 22nd. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 price target (up from $46.00) on shares of GoDaddy in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.33.

GoDaddy (NYSE GDDY) opened at 42.45 on Wednesday. The stock’s 50 day moving average is $42.75 and its 200 day moving average is $39.15. GoDaddy has a 12 month low of $31.59 and a 12 month high of $44.22. The company’s market cap is $3.85 billion.

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In related news, COO Scott Wagner sold 8,000 shares of GoDaddy stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $39.74, for a total transaction of $317,920.00. Following the completion of the transaction, the chief operating officer now directly owns 11,106 shares of the company’s stock, valued at approximately $441,352.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Raymond E. Winborne, Jr. sold 818 shares of GoDaddy stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $39.55, for a total transaction of $32,351.90. Following the transaction, the chief financial officer now directly owns 17,808 shares of the company’s stock, valued at $704,306.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 633,956 shares of company stock worth $26,627,864. 25.70% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado increased its position in shares of GoDaddy by 66.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock valued at $104,000 after buying an additional 986 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of GoDaddy by 215.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,770 shares of the technology company’s stock valued at $105,000 after buying an additional 1,891 shares in the last quarter. Parallel Advisors LLC increased its position in shares of GoDaddy by 10.1% in the first quarter. Parallel Advisors LLC now owns 2,721 shares of the technology company’s stock valued at $105,000 after buying an additional 250 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of GoDaddy during the second quarter valued at about $118,000. Finally, Sei Investments Co. increased its position in shares of GoDaddy by 160.4% in the second quarter. Sei Investments Co. now owns 3,706 shares of the technology company’s stock valued at $158,000 after buying an additional 2,283 shares in the last quarter.

About GoDaddy

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It 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.

Analyst Recommendations for GoDaddy (NYSE:GDDY)

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