GoDaddy Inc. (GDDY) Reaches New 12-Month High at $49.57
Shares of GoDaddy Inc. (NYSE:GDDY) hit a new 52-week high during trading on Friday . The stock traded as high as $49.57 and last traded at $49.33, with a volume of 1207100 shares traded. The stock had previously closed at $48.91.
Several brokerages recently commented on GDDY. B. Riley reiterated a “buy” rating and set a $53.00 price target on shares of GoDaddy in a research report on Monday, July 24th. Stifel Nicolaus set a $41.00 price target on GoDaddy and gave the stock a “hold” rating in a research report on Wednesday, August 9th. TheStreet upgraded GoDaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. SunTrust Banks, Inc. began coverage on GoDaddy in a report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Deutsche Bank AG upped their target price on GoDaddy from $48.00 to $51.00 and gave the company a “buy” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.38.
The stock has a market cap of $8,300.00 and a P/E ratio of 156.93. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15.
In related news, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $41.82, for a total transaction of $1,463,700.00. Following the transaction, the insider now owns 54,741 shares of the company’s stock, valued at approximately $2,289,268.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP James M. Carroll sold 33,600 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $41.58, for a total value of $1,397,088.00. Following the transaction, the executive vice president now directly owns 42,087 shares in the company, valued at approximately $1,749,977.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,317,964 shares of company stock worth $539,128,744. Corporate insiders own 22.68% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aperio Group LLC lifted its stake in GoDaddy by 5.6% during the 2nd quarter. Aperio Group LLC now owns 6,993 shares of the technology company’s stock worth $297,000 after acquiring an additional 373 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in GoDaddy by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,476 shares of the technology company’s stock worth $232,000 after acquiring an additional 397 shares in the last quarter. Symphony Asset Management LLC lifted its stake in GoDaddy by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 13,044 shares of the technology company’s stock worth $553,000 after acquiring an additional 501 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in GoDaddy by 6.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,620 shares of the technology company’s stock worth $493,000 after acquiring an additional 728 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in GoDaddy by 66.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,462 shares of the technology company’s stock worth $104,000 after acquiring an additional 986 shares in the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/11/19/godaddy-inc-gddy-reaches-new-12-month-high-at-49-57.html.
GoDaddy Company Profile
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.
Receive News & Stock Ratings for GoDaddy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy Inc. and related stocks with our FREE daily email newsletter.