GoDaddy (GDDY) Projected to Post Quarterly Earnings on Tuesday

GoDaddy (NYSE:GDDY) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect GoDaddy to post earnings of $1.43 per share and revenue of $1.18 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

GoDaddy Price Performance

GDDY stock opened at $212.65 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. GoDaddy has a 12 month low of $107.47 and a 12 month high of $216.00. The stock has a market cap of $29.85 billion, a PE ratio of 16.43 and a beta of 1.15. The company has a 50-day moving average price of $202.89 and a 200 day moving average price of $175.88.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $179.00, for a total transaction of $89,500.00. Following the completion of the transaction, the director now directly owns 24,121 shares in the company, valued at $4,317,659. This trade represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $183.80, for a total value of $183,800.00. Following the completion of the sale, the chief operating officer now owns 185,632 shares in the company, valued at $34,119,161.60. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,483 shares of company stock valued at $4,256,183. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GDDY has been the topic of several recent analyst reports. Citigroup increased their price target on GoDaddy from $240.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 target price (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. StockNews.com cut shares of GoDaddy from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company began coverage on shares of GoDaddy in a research note on Monday. They issued an “equal weight” rating and a $198.00 price target on the stock. Finally, Piper Sandler boosted their price objective on shares of GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently 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.