GoDaddy Inc. (NYSE:GDDY) has been given a $50.00 price objective by research analysts at Piper Jaffray Cos. in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Piper Jaffray Cos.’s price objective points to a potential upside of 45.39% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Cantor Fitzgerald started coverage on GoDaddy in a research note on Tuesday, October 18th. They issued a “buy” rating and a $42.00 price target on the stock. Deutsche Bank AG lifted their price target on GoDaddy from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, October 18th. Vetr downgraded GoDaddy from a “strong-buy” rating to a “buy” rating and set a $39.00 price target on the stock. in a research note on Thursday, October 6th. Zacks Investment Research upgraded GoDaddy from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, October 5th. Finally, Summit Redstone started coverage on GoDaddy in a research note on Monday, October 3rd. They issued a “buy” rating and a $41.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.18.

Analyst Recommendations for GoDaddy (NYSE:GDDY)

GoDaddy (NYSE:GDDY) traded up 1.69% on Monday, reaching $34.97. The company had a trading volume of 1,094,441 shares. The company’s market capitalization is $3.06 billion. GoDaddy has a 52-week low of $23.88 and a 52-week high of $36.96. The company’s 50-day moving average is $34.83 and its 200-day moving average is $32.52.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $472.10 million for the quarter, compared to analyst estimates of $470.07 million. GoDaddy had a negative return on equity of 2.14% and a negative net margin of 0.81%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Equities analysts anticipate that GoDaddy will post ($0.03) EPS for the current fiscal year.

In other GoDaddy news, CEO Blake Irving sold 37,500 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $32.14, for a total transaction of $1,205,250.00. Following the completion of the sale, the chief executive officer now directly owns 39,003 shares in the company, valued at $1,253,556.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barbara J. Rechterman sold 39,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $36.50, for a total value of $1,423,500.00. Following the sale, the insider now owns 69,650 shares of the company’s stock, valued at $2,542,225. The disclosure for this sale can be found here. 25.70% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Strategic Global Advisors LLC increased its stake in shares of GoDaddy by 0.3% in the third quarter. Strategic Global Advisors LLC now owns 10,459 shares of the company’s stock valued at $326,000 after buying an additional 33 shares during the last quarter. Blue Rock Advisors LLC increased its stake in shares of GoDaddy by 0.6% in the third quarter. Blue Rock Advisors LLC now owns 11,415 shares of the company’s stock valued at $394,000 after buying an additional 68 shares during the last quarter. UBS Group AG increased its stake in shares of GoDaddy by 0.6% in the first quarter. UBS Group AG now owns 22,573 shares of the company’s stock valued at $729,000 after buying an additional 140 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of GoDaddy by 0.7% in the second quarter. Mackenzie Financial Corp now owns 28,600 shares of the company’s stock valued at $892,000 after buying an additional 200 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of GoDaddy by 12.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,965 shares of the company’s stock valued at $124,000 after buying an additional 425 shares during 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. 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.

5 Day Chart for NYSE:GDDY

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