GoDaddy (GDDY) Projected to Post Quarterly Earnings on Tuesday

GoDaddy (NYSE:GDDY) is expected to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $1.43 per share and revenue of $1.18 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

GoDaddy Price Performance

GoDaddy stock opened at $212.65 on Tuesday. The company has a market cap of $29.85 billion, a P/E ratio of 16.43 and a beta of 1.15. GoDaddy has a one year low of $107.47 and a one year high of $216.00. The business has a fifty day moving average of $202.89 and a two-hundred day moving average of $175.88. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 480 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $201.29, for a total value of $96,619.20. Following the transaction, the chief financial officer now owns 83,254 shares of the company’s stock, valued at $16,758,197.66. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Sharples sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the transaction, the director now directly owns 24,121 shares of the company’s stock, valued at $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,483 shares of company stock valued at $4,256,183. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GDDY shares. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of GoDaddy in a report on Monday, October 7th. Morgan Stanley increased their target price on GoDaddy from $189.00 to $227.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Raymond James raised their price target on GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Robert W. Baird upped their price objective on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Benchmark lifted their price objective on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.07.

GoDaddy Company Profile

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.