GoDaddy (NYSE:GDDY) Given New $136.00 Price Target at JPMorgan Chase & Co.

GoDaddy (NYSE:GDDYFree Report) had its target price increased by JPMorgan Chase & Co. from $128.00 to $136.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts also recently weighed in on the company. StockNews.com upgraded GoDaddy from a buy rating to a strong-buy rating in a research note on Wednesday, February 14th. B. Riley boosted their price target on GoDaddy from $124.00 to $142.00 and gave the company a buy rating in a research note on Thursday, March 7th. Morgan Stanley boosted their price target on GoDaddy from $120.00 to $132.00 and gave the company an equal weight rating in a research note on Thursday, March 14th. Raymond James initiated coverage on GoDaddy in a research note on Wednesday, March 27th. They set a strong-buy rating and a $150.00 price target on the stock. Finally, Robert W. Baird boosted their price target on GoDaddy from $130.00 to $150.00 and gave the company an outperform rating in a research note on Monday, March 25th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, GoDaddy has an average rating of Moderate Buy and a consensus price target of $135.18.

Check Out Our Latest Analysis on GoDaddy

GoDaddy Stock Up 0.9 %

Shares of GDDY stock opened at $122.21 on Tuesday. GoDaddy has a 1-year low of $67.43 and a 1-year high of $122.83. The stock’s fifty day moving average price is $113.78 and its 200 day moving average price is $98.88. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $17.41 billion, a price-to-earnings ratio of 12.76 and a beta of 1.12.

GoDaddy (NYSE:GDDYGet Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. GoDaddy had a negative return on equity of 89.25% and a net margin of 32.74%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. On average, research analysts expect that GoDaddy will post 4.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the transaction, the chief executive officer now owns 384,323 shares of the company’s stock, valued at approximately $46,118,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Amanpal Singh Bhutani sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the transaction, the chief executive officer now owns 384,323 shares of the company’s stock, valued at approximately $46,118,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Roger Chen sold 4,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $114.11, for a total value of $456,440.00. Following the transaction, the chief operating officer now directly owns 208,632 shares of the company’s stock, valued at approximately $23,806,997.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,610 shares of company stock valued at $12,985,308. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds have recently made changes to their positions in GDDY. Rice Hall James & Associates LLC raised its holdings in shares of GoDaddy by 49.4% during the first quarter. Rice Hall James & Associates LLC now owns 211,463 shares of the technology company’s stock valued at $17,699,000 after acquiring an additional 69,944 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of GoDaddy by 7.9% during the first quarter. HighTower Advisors LLC now owns 16,959 shares of the technology company’s stock valued at $1,422,000 after acquiring an additional 1,246 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of GoDaddy in the first quarter valued at approximately $345,000. Rhumbline Advisers grew its position in shares of GoDaddy by 3.2% in the first quarter. Rhumbline Advisers now owns 138,312 shares of the technology company’s stock valued at $11,577,000 after purchasing an additional 4,315 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of GoDaddy by 30.8% in the first quarter. Raymond James Trust N.A. now owns 3,212 shares of the technology company’s stock valued at $269,000 after purchasing an additional 757 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Company Profile

(Get Free Report)

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.

Featured Articles

Analyst Recommendations for GoDaddy (NYSE:GDDY)

Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.