GoDaddy Inc. Posts Fourth Quarter 2022 EPS of $0.55, Zacks Research Forecasts (NYSE:GDDY )

GoDaddy Inc. (NYSE: GDDY – Get Rated ) – Equity researchers at Zacks Research lowered their fourth-quarter 2022 EPS forecast for GoDaddy stock in a report on Wednesday, November 16th ( EPS) expected. Zacks Research analyst S. Nag now expects the tech company to report earnings of $0.55 per share for the quarter, down from a previous forecast of $0.62. The current consensus estimate for GoDaddy’s full-year earnings is $2.22 per share. Zacks Research also released GoDaddy EPS of $0.50 in Q1 2023, $0.54 in EPS in Q2 2023, $0.75 in EPS in Q1 2024, $0.92 in EPS in Q2 2024, Estimates for Q3 2024 EPS of $0.97 and FY 2024 EPS of $3.60.

Other stock analysts also issued reports on the company. Barclays raised their price target on GoDaddy from $104.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Evercore ISI upped their target price on shares of GoDaddy to $91.00 in a research report on Tuesday, August 9th. JPMorgan Chase & Co began coverage on shares of GoDaddy in a research report on Friday, November 11th. They give the stock an “overweight” rating and a price target of $89.00. Raymond James cut their price target on GoDaddy from $100.00 to $88.00 and set a “strong buy” rating on the stock in a research report on Friday, November 4th. Finally, StockNews.com started coverage on shares of GoDaddy in a report on Wednesday, October 12th. They set a “buy” rating on the stock. One research analyst has assigned a hold rating to the stock, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GoDaddy currently has a consensus rating of “Buy” and an average price target of $96.75.

GoDaddy shares fell 1.1 percent

Shares of GDDY opened Friday at $73.13. The company’s 50-day moving average is $74.49 and its 200-day moving average is $74.05. GoDaddy’s 52-week low was $64.65 and its 52-week high was $88.32. The company has a market cap of $11.36 billion, a P/E ratio of 34.50, a PEG ratio of 2.22, and a beta of 0.95.

Institutional inflows and outflows

Several institutional investors and hedge funds have recently revised their holdings of GDDY. Achmea Investment Management BV bought a new position in GoDaddy stock worth $31,000 during the first quarter. Wipfli Financial Advisors LLC bought a new position in GoDaddy stock worth $33,000 in the third quarter. Cullen Frost Bankers Inc. increased its stake in GoDaddy by 152.5% in the third quarter. Cullen Frost Bankers Inc. now owns 505 shares of the tech company worth $36,000 after buying an additional 305 shares last quarter. IndexIQ Advisors LLC bought $37,000 worth of new positions in GoDaddy stock during the first quarter. Finally, Vigilant Capital Management LLC bought a new position in GoDaddy stock worth $41,000 during the second quarter. Institutional investors hold 96.50% of the company’s shares.

insiders place bets

In other GoDaddy news, Chief Financial Officer Mark McCaffrey sold 2,700 shares in trading on Wednesday, Sept. 7. The stock has an average selling price of $73.56 and a total value of $198,612.00. Following the sale, the CFO now directly owns 82,250 shares of company stock worth $6,050,310. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. In other GoDaddy news, CAO Nick Daddario sold 565 shares in trading on Wednesday, November 2. The stock has an average selling price of $76.81 and a total value of $43,397.65. Following the sale, the chief accounting officer now directly owns 14,999 shares of company stock worth $1,152,073.19. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, Chief Financial Officer Mark McCaffrey sold 2,700 shares in trading on Wednesday, Sept. 7. The stock has an average selling price of $73.56 and a total value of $198,612.00. Following the sale, the CFO now directly owns 82,250 shares of the company, worth $6,050,310. The disclosure for this sale can be found here. In the past three months, insiders have sold 7,623 shares of the company worth $565,393. Company insiders hold a 0.37% stake in the company.

GoDaddy Company Profile

(get rating)

GoDaddy Inc designs and develops cloud-based technology products in the United States and internationally. The company offers a domain name registration product that engages customers in the initial stages of establishing a digital identity. It also offers shared website hosting products, offering a variety of applications and products such as web analytics, secure socket layer certificates, and WordPress; hosting websites on virtual private servers and virtual private server products, allowing customers to choose the right one for their application, required and growing server provisioning; managed hosting products, which set up, monitor, maintain, secure and patch software and servers for customers; and security products, a suite of tools designed to help protect customers’ online presence.

recommended article

GoDaddy (NYSE: GDDY ) Earnings History and Estimates

This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to [email protected]

You’ll want to hear this before you even consider GoDaddy.

MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market rallies…and GoDaddy isn’t on the list.

While GoDaddy currently has a “buy” rating among analysts, the top-rated analysts see these five stocks as better buys.

Check out five stocks here

Leave a Reply

Your email address will not be published. Required fields are marked *