Equities research analysts predict that Godaddy Inc (NYSE:GDDY) will post sales of $487.77 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Godaddy’s earnings, with the lowest sales estimate coming in at $486.61 million and the highest estimate coming in at $489.21 million. Godaddy reported sales of $433.7 million in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The business is expected to announce its next earnings report after the market closes on Tuesday, May 2nd.
On average, analysts expect that Godaddy will report full year sales of $487.77 million for the current year, with estimates ranging from $2.19 billion to $2.2 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.52 billion per share, with estimates ranging from $2.44 billion to $2.6 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Godaddy.
Godaddy (NYSE:GDDY) last released its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Godaddy had a negative net margin of 0.81% and a negative return on equity of 2.14%. The firm earned $485.90 million during the quarter, compared to analyst estimates of $485.43 million.
Several research firms recently issued reports on GDDY. B. Riley reissued a “buy” rating and set a $45.00 target price on shares of Godaddy in a research note on Sunday, April 16th. Barclays PLC began coverage on Godaddy in a research note on Tuesday, March 28th. They set an “overweight” rating and a $45.00 target price on the stock. Zacks Investment Research lowered Godaddy from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. Monness Crespi & Hardt reissued a “buy” rating on shares of Godaddy in a research note on Thursday, February 16th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Godaddy in a research note on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Godaddy has a consensus rating of “Buy” and an average price target of $40.92.
Shares of Godaddy (NYSE:GDDY) opened at 38.92 on Friday. Godaddy has a 52-week low of $28.11 and a 52-week high of $39.49. The stock’s market cap is $3.49 billion. The stock’s 50 day moving average is $37.30 and its 200 day moving average is $35.93.
In other news, COO Scott Wagner sold 8,000 shares of the stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $37.23, for a total value of $297,840.00. Following the transaction, the chief operating officer now owns 10,355 shares in the company, valued at approximately $385,516.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Auguste Goldman sold 1,000 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $36.50, for a total value of $36,500.00. Following the completion of the transaction, the insider now owns 3,367 shares in the company, valued at approximately $122,895.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,405 shares of company stock worth $4,954,840. Company insiders own 25.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. Highbridge Capital Management LLC acquired a new position in Godaddy during the fourth quarter worth approximately $223,000. Two Sigma Securities LLC acquired a new position in Godaddy during the third quarter worth approximately $252,000. Tudor Investment Corp Et Al increased its position in Godaddy by 21.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 7,300 shares of the technology company’s stock worth $255,000 after buying an additional 1,280 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Godaddy by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,936 shares of the technology company’s stock worth $278,000 after buying an additional 376 shares during the last quarter.
Finally, Capital International Inc. CA acquired a new position in Godaddy during the fourth quarter worth approximately $283,000.