GoDaddy (NYSE:GDDY) Given New $185.00 Price Target at Jefferies Financial Group

GoDaddy (NYSE:GDDY - Free Report) had its price target trimmed by Jefferies Financial Group from $200.00 to $185.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the technology company's stock.

A number of other analysts have also issued reports on GDDY. Morgan Stanley lifted their price target on GoDaddy from $227.00 to $228.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. B. Riley upped their price target on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Raymond James lifted their price target on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on GoDaddy from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued 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 $212.20.

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GoDaddy Price Performance

GDDY stock traded up $3.06 on Monday, reaching $172.06. The company had a trading volume of 2,360,607 shares, compared to its average volume of 1,457,459. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The company's fifty day moving average is $180.85 and its 200 day moving average is $185.33. The company has a market cap of $24.32 billion, a P/E ratio of 26.68 and a beta of 1.19. GoDaddy has a 1 year low of $119.76 and a 1 year high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. On average, research analysts forecast that GoDaddy will post 6.63 earnings per share for the current year.

Insider Transactions at GoDaddy

In other GoDaddy news, CFO Mark Mccaffrey sold 5,500 shares of GoDaddy stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $989,175.00. Following the completion of the transaction, the chief financial officer now directly owns 115,375 shares in the company, valued at $20,750,193.75. The trade was a 4.55 % 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, COO Roger Chen sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $200.57, for a total value of $200,570.00. Following the transaction, the chief operating officer now owns 183,632 shares of the company's stock, valued at $36,831,070.24. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,000 shares of company stock valued at $3,546,970. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GoDaddy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. WCM Investment Management LLC lifted its stake in shares of GoDaddy by 7,083.4% in the 4th quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock worth $678,941,000 after acquiring an additional 3,356,678 shares during the period. Norges Bank acquired a new stake in GoDaddy in the fourth quarter worth approximately $356,038,000. Canada Pension Plan Investment Board lifted its position in GoDaddy by 107.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock worth $273,582,000 after purchasing an additional 719,000 shares during the period. Congress Asset Management Co. bought a new stake in shares of GoDaddy in the 4th quarter worth $111,923,000. Finally, GAMMA Investing LLC lifted its holdings in shares of GoDaddy by 18,248.7% in the first quarter. GAMMA Investing LLC now owns 513,579 shares of the technology company's stock valued at $92,516,000 after buying an additional 510,780 shares during the period. 90.28% of the stock is owned by institutional investors.

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.