Godaddy (GDDY) Issues Earnings Results

Godaddy (NYSE:GDDY) posted its earnings results on Thursday. The technology company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.44, reports. Godaddy had a net margin of 2.34% and a return on equity of 7.89%. The firm had revenue of $602.20 million for the quarter, compared to analyst estimates of $594.60 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year.

Godaddy (NYSE:GDDY) traded down $0.27 during trading hours on Thursday, hitting $55.43. 1,385,447 shares of the stock were exchanged, compared to its average volume of 1,073,230. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57. Godaddy has a 12 month low of $35.72 and a 12 month high of $56.86. The company has a market cap of $9,230.00 and a price-to-earnings ratio of 426.38.

In related news, Director Blake Irving sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $52.57, for a total transaction of $2,628,500.00. Following the transaction, the director now owns 53,106 shares in the company, valued at approximately $2,791,782.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rick Kimball sold 7,102,622 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $47.12, for a total transaction of $334,675,548.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,754,449 shares of company stock worth $367,357,643. Insiders own 22.68% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Godaddy from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Barclays boosted their target price on shares of Godaddy from $53.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Morgan Stanley upped their price objective on shares of Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research note on Wednesday, November 22nd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.86.

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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.

Earnings History for Godaddy (NYSE:GDDY)

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