The GoDaddy Inc. (GDDY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Paterniano Del Favero
Agosto 13, 2017

Oppenheimer Holdings, Inc. lifted their price target on shares of GoDaddy from $47.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday. Cantor Fitzgerald reiterated a "hold" rating on shares of GoDaddy in a research note on Monday, June 26th. BidaskClub downgraded shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 11th. Stifel Nicolaus set a $41.00 price objective on shares of GoDaddy and gave the stock a "hold" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. GoDaddy presently has an average rating of "Buy" and an average target price of $44.85.

Shares of GoDaddy (NYSE:GDDY) traded up 0.65% during trading on Wednesday, hitting $41.56. The company had a trading volume of 1,298,804 shares. GoDaddy has a 12 month low of $31.59 and a 12 month high of $45.26. The stock's 50-day moving average is $42.78 and its 200 day moving average is $39.36. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 327.24 and a beta of 0.65.

GoDaddy Inc. (NYSE:GDDY) posted its earnings results on Tuesday. As of the last earnings report the EPS was $0.13 and is projected to be $0.21 for the current year with 110,750,000 shares outstanding. GoDaddy had a return on equity of 6.05% and a net margin of 1.21%. The business had revenue of $557.80 million during the quarter, compared to the consensus estimate of $551.26 million. During the same quarter a year ago, the company earned ($0.11) EPS. The firm's revenue was up 22.3% on a year-over-year basis. Analysts forecast that GoDaddy Inc. will post $0.21 EPS for the current fiscal year.

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. "(GDDY) PT Raised to $47.00 at Royal Bank Of Canada" was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another publication, it was stolen and reposted in violation of US & global copyright laws. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/11/godaddy-inc-gddy-shares-sold-by-schwab-charles-investment-management-inc-updated-updated-updated.html. The shares were sold at an average price of $38.98, for a total transaction of $38,980.00. The institutional investor owned 365,560 shares of the technology company's stock after selling 17,506 shares during the period. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

In other news, CFO Raymond E. Winborne, Jr. sold 818 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $42.47, for a total value of $1,592,625.00. Following the completion of the sale, the chief marketing officer now owns 54,741 shares of the company's stock, valued at approximately $2,310,617.61. The disclosure for this sale can be found here. Insiders have sold a total of 706,456 shares of company stock worth $29,729,339 over the last quarter. California Public Employees Retirement System bought a new position in GoDaddy during the second quarter valued at $5,209,000. Teachers Advisors LLC now owns 61,926 shares of the technology company's stock valued at $2,164,000 after buying an additional 14,419 shares during the period. BNP Paribas Arbitrage SA raised its stake in GoDaddy by 215.1% in the first quarter. Renaissance Technologies LLC now owns 532,700 shares of the technology company's stock valued at $20,189,000 after buying an additional 410,600 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of GoDaddy by 76.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 101,620 shares of the technology company's stock worth $3,552,000 after buying an additional 43,957 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in GoDaddy during the fourth quarter valued at $223,000. Finally, Sei Investments Co. raised 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 worth $158,000 after buying an additional 2,283 shares during the period.

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