GoDaddy Inc. (NYSE: GDDY) is expected to post earnings of $ 0.41 per share
Analysts expect GoDaddy Inc. (NYSE: GDDY) to report earnings per share of $ 0.41 for the current fiscal quarter, Zack reports. Seven analysts provided revenue estimates for GoDaddy, with estimates ranging from $ 0.30 to $ 0.49. GoDaddy also reported earnings of $ 0.41 per share in the same quarter last year. The company is expected to release its next results on Thursday, February 10.
On average, analysts expect GoDaddy to report an annual profit of $ 1.29 per share for the current year, with EPS estimates ranging from $ 1.14 to $ 1.39. For the next fiscal year, analysts predict the company will post earnings of $ 1.91 per share, with EPS estimates ranging from $ 1.34 to $ 2.38. Zacks Investment Research earnings per share averages are an average based on a survey of selling analysts who follow GoDaddy.
GoDaddy (NYSE: GDDY) last reported its results on Wednesday, November 3. The tech company reported earnings per share (EPS) of $ 0.58 for the quarter, beating analyst consensus estimates of $ 0.35 by $ 0.23. GoDaddy had a negative return on equity of 419.14% and a net margin of 6.15%. In the same quarter of last year, the company posted EPS of $ 0.38.
Several research analysts have commented on GDDY shares. Berenberg Bank began covering GoDaddy in a research report on Monday, October 25. They set a “buy” rating and a price target of $ 99.00 for the stock. Zacks investment research downgraded GoDaddy from a “buy” rating to a “keep” rating and set a target price of $ 79.00 for the company. in a research report on Friday, November 5. JMP Securities reduced its price target on GoDaddy from $ 108.00 to $ 100.00 and set an “outperformance” rating for the company in a report released on Thursday, August 5. Piper Sandler downgraded GoDaddy from an “overweight” rating to a “neutral” rating and lowered its target price for the stock from $ 100.00 to $ 85.00 in a research report on Thursday, August 5. Finally, Rosenblatt Securities downgraded GoDaddy from a “buy” rating to a “neutral” rating and lowered its price target for the company from $ 110.00 to $ 85 in a research report released on Thursday 5 August. Five analysts rated the stock with a conservation rating, seven issued a buy rating, and one issued a strong buy rating for the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $ 97.54.
GoDaddy stock traded up $ 0.07 during Friday’s midday session, reaching $ 73.00. 9,520 shares of the stock traded for an average volume of 1,230,704. The company has a 50-day simple moving average of $ 70.89 and a two-hundred-day simple moving average of $ 77.30. GoDaddy has a 12-month low of $ 66.46 and a 12-month high of $ 93.75. The company has a market cap of $ 12.16 billion, a PE ratio of 55.38, a price / earnings-growth ratio of 3.80, and a beta of 0.97.
In other GoDaddy news, CEO Amanpal Singh Bhutani sold 3,034 shares in a trade dated Monday, October 4. The shares were sold for an average price of $ 69.99, for a total value of $ 212,349.66. The transaction has been disclosed in a legal file with the SEC, which is available through this link. In addition, director Charles J. Robel sold 30,000 shares in a transaction dated Friday, November 5th. The shares were sold at an average price of $ 74.16, for a total trade of $ 2,224,800.00. Disclosure of this sale can be found here. Insiders have sold a total of 33,168 shares of the company valued at $ 2,446,358 in the past three months. 0.38% of the shares are held by insiders of the company.
Hedge funds and other institutional investors have recently bought and sold stocks. Capital International Investors increased its stake in GoDaddy by 31.0% during the second quarter. Capital International Investors now owns 13,391,679 shares of the technology company valued at $ 1,164,984,000 after purchasing an additional 3,165,950 shares in the last quarter. FMR LLC increased its stake in GoDaddy shares by 3.5% during the second quarter. FMR LLC now owns 11,242,131 shares of the technology company valued at $ 977,616,000 after purchasing an additional 380,020 shares during the last quarter. BlueSpruce Investments LP increased its holdings in GoDaddy by 20.5% during the third quarter. BlueSpruce Investments LP now owns 6,720,613 shares of the technology company valued at $ 468,427,000 after purchasing an additional 1,143,953 shares in the last quarter. State Street Corp increased its holdings in GoDaddy by 7.8% in the second quarter. State Street Corp now owns 4,019,057 shares of the tech company worth $ 349,497,000 after purchasing an additional 290,154 shares in the last quarter. Finally, First Manhattan Co. increased its stake in GoDaddy by 13.1% during the third quarter. First Manhattan Co. now owns 3,020,395 shares of the tech company valued at $ 210,521,000 after purchasing an additional 350,311 shares in the last quarter. Institutional investors and hedge funds hold 95.44% of the company’s shares.
GoDaddy, Inc is engaged in the provision of domain name registration and web hosting services. It provides website building, hosting and security tools. The company was founded by Robert R. Parsons in January 1997 and is headquartered in Scottsdale, Arizona.
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