GoDaddy - GDDY Stock Forecast, Price & News

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. In addition, the company provides presence products, such as Websites + Marketing, a do-it-yourself mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; a range of marketing tools and services designed to help businesses acquire and engage customers, and create content, as well as search engine optimization that helps customers get their websites found on search sites; and social media management services. Further, it offers business application products, such as Microsoft Office 365, email accounts, email marketing, and Internet-based telephony services; online store capabilities that allows customers to transact business directly on their websites; GoDaddy Payments, a payment facilitator; and point-of-sale (POS) devices, as well as software for POS. The company serves small businesses, individuals, organizations, developers, designers, and domain investors. GoDaddy Inc. was incorporated in 2014 and is headquartered in Tempe, Arizona.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GDDY shares. Morgan Stanley raised their price objective on shares of GoDaddy from $91.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 4th. Benchmark lifted their price target on shares of GoDaddy from $102.00 to $106.00 and gave the company a "buy" rating in a research note on Thursday, May 5th. Raymond James dropped their price target on shares of GoDaddy from $108.00 to $100.00 and set a "strong-buy" rating on the stock in a research note on Thursday, August 4th. Evercore ISI lifted their price target on shares of GoDaddy to $91.00 in a research note on Tuesday, August 9th. Finally, Jefferies Financial Group dropped their price target on shares of GoDaddy from $110.00 to $100.00 in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $100.75.

GoDaddy Trading Up 0.9 %

Shares of GDDY opened at $82.02 on Tuesday. GoDaddy has a 52-week low of $64.81 and a 52-week high of $88.32. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 46.37. The firm's fifty day moving average is $72.40 and its two-hundred day moving average is $77.04. The stock has a market cap of $12.85 billion, a PE ratio of 39.62 and a beta of 0.95.

Insiders Place Their Bets

In other GoDaddy news, CEO Amanpal Singh Bhutani sold 1,516 shares of GoDaddy stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $73.76, for a total transaction of $111,820.16. Following the sale, the chief executive officer now owns 222,535 shares of the company's stock, valued at approximately $16,414,181.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Mark Mccaffrey sold 9,776 shares of GoDaddy stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $69.86, for a total transaction of $682,951.36. Following the transaction, the chief financial officer now owns 84,950 shares in the company, valued at approximately $5,934,607. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 1,516 shares of GoDaddy stock in a transaction 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 transaction, the chief executive officer now owns 222,535 shares in the company, valued at approximately $16,414,181.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,691 shares of company stock valued at $1,481,161 in the last 90 days. 0.37% of the stock is owned by insiders.