GoDaddy (NYSE: GDDY ) is now covered by analysts at JPMorgan Chase & Co.

Equity Research Analysts at JPMorgan Chase & Co. Are Taking Care GoDaddy (NYSE: GDDY – Get Rated ) In a report released Friday, Briefing.com reported. The firm set an “overweight” rating and an $89.00 price target on the tech company’s stock. JPMorgan Chase & Co.’s price target suggests a possible upside of 24.02% from the stock’s current price.

GDDY has been the subject of many other reports. Evercore ISI upped their price objective on shares of GoDaddy to $91.00 in a report on Tuesday, August 9th. Barclays raised their price target on GoDaddy from $104.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. StockNews.com began coverage on GoDaddy in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Morgan Stanley upped their target price on GoDaddy from $91.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Finally, 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 report on Friday, November 4th. One 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.com, the company currently has an average rating of “buy” and an average price target of $96.75.

GoDaddy shares rose 4.3%

Shares of GDDY opened Friday at $71.76. GoDaddy’s 12-month low was $64.65 and its 12-month high was $88.32. The company has a market cap of $11.24 billion, a P/E ratio of 33.85, a P/E ratio of 2.13, and a beta of 0.95. The stock has a 50-day moving average of $74.60 and a 200-day moving average of $74.44.

Insider Trading at GoDaddy

In other news, Chief Financial Officer Mark McCaffrey sold 2,700 shares of company stock in a transaction that occurred on Wednesday, September 7. The stock has an average selling price of $73.56 and a total value of $198,612.00. Following the transaction, the CFO now directly owns 82,250 shares of the company, worth approximately $6,050,310. The sale is disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. In other GoDaddy news, CAO Nick Daddario sold 600 shares of the company during trading on Monday, August 15th. The stock had an average selling price of $82.00 and a total transaction value of $49,200.00. Following the transaction, the chief accounting officer now owns 15,608 shares of company stock, worth approximately $1,279,856. The transaction is disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed at this link. Additionally, Chief Financial Officer Mark McCaffrey sold 2,700 shares of the company in trading on Wednesday, September 7. The stock has an average selling price of $73.56 and a total value of $198,612.00. Following the transaction, the CFO now directly owns 82,250 shares of the company, worth approximately $6,050,310. The disclosure for this sale can be found here. In the past three months, insiders have sold 7,223 shares of the company worth $542,463. Company insiders own 0.37% of the shares.

Institutional inflows and outflows

Several big investors bought and sold GDDY stock recently. Robeco Institutional Asset Management BV increased its stake in GoDaddy by 147.9% in the first quarter. Robeco Institutional Asset Management BV now owns 30,793 shares of the technology company worth $2,577,000 after acquiring an additional 18,369 shares in the previous quarter. Greenleaf Trust increased its stake in GoDaddy by 7.4% in the first quarter. Greenleaf Trust now owns 4,897 shares of the tech company worth $410,000 after acquiring an additional 339 shares last quarter. Vestmark Advisory Solutions Inc. increased its stake in GoDaddy by 5.8 percent in the first quarter. Vestmark Advisory Solutions Inc. now owns 3,999 shares of the tech company worth $335,000 after acquiring an additional 221 shares last quarter. TownSquare Capital LLC increased its stake in GoDaddy by 34.8% in the first quarter. TownSquare Capital LLC now owns 7,071 shares of the technology company worth $592,000 after acquiring an additional 1,827 shares last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in GoDaddy for $624,000 during the first quarter. Institutional investors and hedge funds own 96.50% of the company.

About GoDaddy

(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 configurations; 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.

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Analyst Recommendations on GoDaddy (NYSE:GDDY )

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