Godaddy (NYSE:GDDY) announced its earnings results on Thursday. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03), Fidelity Earnings reports. Godaddy had a net margin of 4.10% and a return on equity of 19.05%. The firm had revenue of $780.40 million during the quarter, compared to analyst estimates of $777.03 million. Godaddy updated its FY 2020
After-Hours guidance to EPS and its Q1 2020
After-Hours guidance to EPS.

Shares of NYSE:GDDY traded up $7.52 during trading on Friday, hitting $78.39. 4,947,067 shares of the company were exchanged, compared to its average volume of 1,311,570. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 118.77, a P/E/G ratio of 4.14 and a beta of 0.67. Godaddy has a fifty-two week low of $59.93 and a fifty-two week high of $82.30. The firm has a fifty day moving average price of $69.98 and a two-hundred day moving average price of $66.97. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.78.

In related news, Director Brian Sharples sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $72.79, for a total transaction of $61,871.50. Following the transaction, the director now directly owns 9,248 shares of the company’s stock, valued at approximately $673,161.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nima Kelly sold 576 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $66.82, for a total value of $38,488.32. Following the transaction, the insider now directly owns 126,226 shares in the company, valued at $8,434,421.32. The disclosure for this sale can be found here. Insiders have sold a total of 5,462 shares of company stock worth $372,963 in the last ninety days. Insiders own 12.64% of the company’s stock.

GDDY has been the topic of several recent analyst reports. Wedbush reaffirmed a “neutral” rating on shares of Godaddy in a research report on Monday, November 4th. Royal Bank of Canada initiated coverage on Godaddy in a research report on Thursday, January 2nd. They set a “buy” rating and a $81.00 price target on the stock. TheStreet raised Godaddy from a “c+” rating to a “b-” rating in a research report on Monday, November 18th. Piper Sandler lowered their price target on Godaddy from $91.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, ValuEngine raised Godaddy from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $87.90.

About Godaddy

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

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Earnings History for Godaddy (NYSE:GDDY)

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