Godaddy (NYSE:GDDY) Announces Quarterly Earnings Results

Godaddy (NYSE:GDDY) released its quarterly earnings data on Thursday. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03), Fidelity Earnings reports. Godaddy had a return on equity of 19.05% and a net margin of 4.10%. The company had revenue of $780.40 million for the quarter, compared to analyst estimates of $777.03 million. Godaddy updated its FY 2020
After-Hours guidance to EPS and its Q1 2020
After-Hours guidance to EPS.

GDDY stock traded up $7.52 during midday trading on Friday, reaching $78.39. The stock had a trading volume of 4,947,067 shares, compared to its average volume of 1,311,570. The business has a fifty day simple moving average of $69.98 and a two-hundred day simple moving average of $66.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 3.78. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 118.77, a PEG ratio of 4.14 and a beta of 0.67. Godaddy has a twelve month low of $59.93 and a twelve month high of $82.30.

In related news, insider Nima Kelly sold 576 shares of Godaddy stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $66.82, for a total value of $38,488.32. Following the completion of the sale, the insider now directly owns 126,226 shares in the company, valued at $8,434,421.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Sharples sold 850 shares of Godaddy stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $72.79, for a total value of $61,871.50. Following the completion of the sale, the director now owns 9,248 shares of the company’s stock, valued at $673,161.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,462 shares of company stock valued at $372,963. Corporate insiders own 12.64% of the company’s stock.

Several research analysts have issued reports on GDDY shares. Royal Bank of Canada started coverage on Godaddy in a research note on Thursday, January 2nd. They set a “buy” rating and a $81.00 price objective for the company. SunTrust Banks dropped their price objective on Godaddy to and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped their price objective on Godaddy from $91.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday. Raymond James increased their price objective on Godaddy from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wedbush reiterated a “neutral” rating on shares of Godaddy in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $87.90.

About Godaddy

GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; and hosting products, including shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.

See Also: Quantitative Easing

Earnings History 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.