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MSFT   280.23 (-0.95%)
META   170.73 (+2.17%)
GOOGL   117.47 (+0.00%)
AMZN   138.93 (-1.33%)
TSLA   873.77 (+1.07%)
NVDA   175.35 (-7.66%)
NIO   20.24 (+0.10%)
BABA   90.58 (-2.14%)
AMD   99.90 (-2.36%)
MU   61.46 (-1.60%)
T   18.03 (-1.74%)
CGC   3.16 (+17.04%)
GE   75.34 (+1.32%)
F   15.85 (+3.59%)
DIS   109.01 (+2.23%)
AMC   23.65 (+6.63%)
PYPL   96.42 (+1.15%)
PFE   49.33 (+0.12%)
NFLX   233.60 (+3.01%)
S&P 500   4,140.06 (-0.12%)
DOW   32,840.66 (+0.11%)
QQQ   319.98 (-0.55%)
AAPL   165.14 (-0.13%)
MSFT   280.23 (-0.95%)
META   170.73 (+2.17%)
GOOGL   117.47 (+0.00%)
AMZN   138.93 (-1.33%)
TSLA   873.77 (+1.07%)
NVDA   175.35 (-7.66%)
NIO   20.24 (+0.10%)
BABA   90.58 (-2.14%)
AMD   99.90 (-2.36%)
MU   61.46 (-1.60%)
T   18.03 (-1.74%)
CGC   3.16 (+17.04%)
GE   75.34 (+1.32%)
F   15.85 (+3.59%)
DIS   109.01 (+2.23%)
AMC   23.65 (+6.63%)
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NFLX   233.60 (+3.01%)
S&P 500   4,140.06 (-0.12%)
DOW   32,840.66 (+0.11%)
QQQ   319.98 (-0.55%)
AAPL   165.14 (-0.13%)
MSFT   280.23 (-0.95%)
META   170.73 (+2.17%)
GOOGL   117.47 (+0.00%)
AMZN   138.93 (-1.33%)
TSLA   873.77 (+1.07%)
NVDA   175.35 (-7.66%)
NIO   20.24 (+0.10%)
BABA   90.58 (-2.14%)
AMD   99.90 (-2.36%)
MU   61.46 (-1.60%)
T   18.03 (-1.74%)
CGC   3.16 (+17.04%)
GE   75.34 (+1.32%)
F   15.85 (+3.59%)
DIS   109.01 (+2.23%)
AMC   23.65 (+6.63%)
PYPL   96.42 (+1.15%)
PFE   49.33 (+0.12%)
NFLX   233.60 (+3.01%)

William Blair Brokers Reduce Earnings Estimates for GoDaddy Inc. (NYSE:GDDY)

GoDaddy Inc. (NYSE:GDDY - Get Rating) - Analysts at William Blair lowered their Q2 2023 earnings per share (EPS) estimates for shares of GoDaddy in a note issued to investors on Thursday, August 4th. William Blair analyst M. Pfau now expects that the technology company will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.71. The consensus estimate for GoDaddy's current full-year earnings is $2.19 per share. William Blair also issued estimates for GoDaddy's Q3 2023 earnings at $0.72 EPS, Q4 2023 earnings at $0.88 EPS and FY2023 earnings at $2.84 EPS.

Other research analysts also recently issued reports about the company. Raymond James cut their price objective on GoDaddy from $108.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Thursday. Barclays boosted their price target on GoDaddy from $104.00 to $107.00 and gave the stock an "overweight" rating in a report on Thursday. Benchmark upped their price objective on GoDaddy from $102.00 to $106.00 and gave the stock a "buy" rating in a report on Thursday, May 5th. Jefferies Financial Group decreased their price objective on GoDaddy from $110.00 to $100.00 in a report on Tuesday, May 31st. Finally, Piper Sandler upgraded GoDaddy from a "neutral" rating to an "overweight" rating and increased their price target for the company from $94.00 to $110.00 in a report on Monday, April 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $102.14.

GoDaddy Trading Up 1.9 %


GoDaddy stock opened at $78.93 on Monday. The business has a 50-day simple moving average of $71.60 and a two-hundred day simple moving average of $76.65. The company has a market cap of $12.79 billion, a P/E ratio of 38.13 and a beta of 0.95. GoDaddy has a 52-week low of $64.81 and a 52-week high of $88.32. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 46.37.

Institutional Investors Weigh In On GoDaddy

Several institutional investors and hedge funds have recently modified their holdings of GDDY. Ellevest Inc. grew its stake in GoDaddy by 1,340.9% during the 1st quarter. Ellevest Inc. now owns 317 shares of the technology company's stock worth $27,000 after purchasing an additional 295 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of GoDaddy in the 1st quarter valued at about $31,000. Norwood Financial Corp purchased a new stake in shares of GoDaddy in the 4th quarter valued at about $34,000. IndexIQ Advisors LLC purchased a new stake in shares of GoDaddy in the 1st quarter valued at about $37,000. Finally, Vigilant Capital Management LLC purchased a new stake in shares of GoDaddy in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 98.38% of the company's stock.

Insider Transactions at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 1,516 shares of the firm's stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $73.76, for a total transaction of $111,820.16. Following the sale, the chief executive officer now directly owns 222,535 shares of the company's stock, valued at $16,414,181.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 1,516 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $73.76, for a total value of $111,820.16. Following the sale, the chief executive officer now directly owns 222,535 shares of the company's stock, valued at $16,414,181.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 9,776 shares of GoDaddy stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $69.86, for a total value of $682,951.36. Following the completion of the sale, the chief financial officer now directly owns 84,950 shares in the company, valued at $5,934,607. The disclosure for this sale can be found here. Insiders sold a total of 20,716 shares of company stock worth $1,482,907 over the last three months. 0.37% of the stock is currently owned by insiders.

About GoDaddy

(Get Rating)

GoDaddy Inc engages in the design and development of cloud-based technology products 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. It also offers shared Website hosting products that provide various applications and products, such as web analytics, Secure Sockets Layer certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers' online presence.

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Earnings History and Estimates for GoDaddy (NYSE:GDDY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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