GoDaddy (NYSE:GDDY) Rating Increased to Hold at UBS Group

UBS Group upgraded shares of GoDaddy (NYSE:GDDY) to a hold rating in a report published on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on GDDY. Jefferies Financial Group lowered their price objective on GoDaddy from $140.00 to $100.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada cut their target price on GoDaddy from $200.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Evercore set a $95.00 target price on GoDaddy in a research note on Wednesday, February 25th. Barclays decreased their price target on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price target on shares of GoDaddy in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.57.

GoDaddy Trading Down 0.9%

Shares of GDDY stock opened at $87.51 on Tuesday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy has a fifty-two week low of $73.06 and a fifty-two week high of $190.50. The firm’s 50 day moving average price is $84.78 and its two-hundred day moving average price is $106.37.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.07. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. GoDaddy had a return on equity of 366.90% and a net margin of 17.32%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. On average, analysts anticipate that GoDaddy will post 7.18 EPS for the current year.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Leah Sweet sold 650 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $86.86, for a total value of $56,459.00. Following the transaction, the director owned 11,414 shares of the company’s stock, valued at $991,420.04. This trade represents a 5.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Phontip Palitwanon sold 1,310 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $90.15, for a total value of $118,096.50. Following the transaction, the chief accounting officer directly owned 20,349 shares of the company’s stock, valued at $1,834,462.35. This trade represents a 6.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 61,918 shares of company stock valued at $5,500,469. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hemington Wealth Management lifted its stake in GoDaddy by 85.9% in the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after buying an additional 85 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GoDaddy during the fourth quarter worth about $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of GoDaddy in the 4th quarter worth about $25,000. Activest Wealth Management lifted its position in GoDaddy by 6,600.0% in the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after purchasing an additional 198 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in GoDaddy by 93.8% during the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the period. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.