Equities analysts expect that GoDaddy Inc. (NYSE:GDDY) will post $885.39 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for GoDaddy’s earnings. The lowest sales estimate is $884.76 million and the highest is $886.66 million. GoDaddy reported sales of $792.00 million in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 5th.
On average, analysts expect that GoDaddy will report full-year sales of $3.70 billion for the current year, with estimates ranging from $3.70 billion to $3.73 billion. For the next year, analysts forecast that the firm will post sales of $4.09 billion, with estimates ranging from $4.01 billion to $4.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow GoDaddy.
GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, February 11th. The technology company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The company had revenue of $873.90 million for the quarter, compared to the consensus estimate of $865.17 million. GoDaddy had a negative net margin of 15.67% and a positive return on equity of 94.14%.
GDDY has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of GoDaddy from $90.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Oppenheimer increased their price target on shares of GoDaddy from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. Raymond James increased their price target on shares of GoDaddy from $96.00 to $107.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 12th. Piper Sandler increased their price target on shares of GoDaddy from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 12th. Finally, Evercore ISI assumed coverage on shares of GoDaddy in a research report on Monday. They issued an “in-line” rating and a $87.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.76.
In related news, CAO Nick Daddario sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $85.83, for a total transaction of $128,745.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,462 shares of the company’s stock, valued at $554,633.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nima Kelly sold 3,446 shares of the firm’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $92.50, for a total transaction of $318,755.00. Following the transaction, the insider now directly owns 60,746 shares of the company’s stock, valued at $5,619,005. The disclosure for this sale can be found here. Insiders have sold 97,728 shares of company stock valued at $8,196,226 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Neo Ivy Capital Management purchased a new position in shares of GoDaddy in the 4th quarter worth $31,000. Steward Partners Investment Advisory LLC grew its stake in shares of GoDaddy by 67.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 501 shares of the technology company’s stock worth $42,000 after buying an additional 201 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of GoDaddy by 64.2% in the 4th quarter. First Horizon Advisors Inc. now owns 642 shares of the technology company’s stock worth $52,000 after buying an additional 251 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of GoDaddy by 1,939.5% in the 4th quarter. Simon Quick Advisors LLC now owns 775 shares of the technology company’s stock worth $64,000 after buying an additional 737 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of GoDaddy by 465.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 826 shares of the technology company’s stock worth $69,000 after buying an additional 680 shares in the last quarter. 97.22% of the stock is owned by institutional investors.
Shares of GoDaddy stock opened at $82.99 on Thursday. The company has a market cap of $14.11 billion, a price-to-earnings ratio of -26.77, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. The company’s 50 day moving average is $78.06 and its 200 day moving average is $79.30. GoDaddy has a twelve month low of $58.31 and a twelve month high of $93.75.
GoDaddy Company Profile
GoDaddy Inc engages in the design and development of cloud-based technology products 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. It also offers shared Website hosting products that provide various applications and products such as web analytics, SSL certificates, and WordPress; Website hosting on virtual private servers and virtual dedicated servers products, which allows customers to select the server configuration suited for their applications, requirements, and growth; managed hosting products to set up, monitor, maintain, secure, and patch software and servers for customers; and security products, a suite of tools designed to help secure customers’ online presence.
Featured Article: What is the Gross Domestic Product (GDP)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: 52-Week High/Low
The growing acceptance of cryptocurrency is beginning to make mainstream investors rethink their idea of “store of value.” The trendy possibilities of Bitcoin, Ethereum, and any of the dozens of altcoins that exist on the blockchain are trending like the latest fashion.
However, the thing about fashion is that the more things change the more things stay the same. Just like the simple black dress that won’t go out of fashion, the same can be said for precious metals stocks. One way to think about it would be to say that the existence of a growing cryptocurrency market doesn’t change the value of precious metals.
Precious metals have long been known to be a safe-haven asset in times of market volatility and economic crisis. In fact, during the Covid-19 pandemic, gold prices surged about 30% breaking the $2,000 mark for the first time in its history. This was at a time when the prices of many cryptocurrencies were falling.
And precious metals have also been seen as a hedge against inflation, which seems like more of a certainty with the Federal Reserve’s pledge to keep interest rates at historically low rates into 2023.
Whether you’re looking to take your first steps at crafting a precious metals portfolio or if you want to fine-tune the one you have, we believe this special presentation is a good place to start your research. We’ve identified seven precious metals stocks that look to retain their allure in 2021.