Godaddy Inc (GDDY) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 37

Godaddy Inc (GDDY) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 37 from a previous price target of $36 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Godaddy Inc. Singular Research Initiated Godaddy Inc on Apr 5, 2016 to “Sell”, Price Target of the shares are set at $21.75.

On the company’s financial health, Godaddy Inc reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.63 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.48. The company had revenue of $433.70 million for the quarter, compared to analysts expectations of $430.32 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.34 EPS.

Godaddy Inc opened for trading at $29.93 and hit $30.7 on the upside on Wednesday, eventually ending the session at $30.64, with a gain of 2.00% or 0.6 points. The heightened volatility saw the trading volume jump to 6,42,012 shares. Company has a market cap of $4,833 M.

In a different news, on Apr 15, 2016, Philip H. Bienert (Chief Marketing Officer) sold 7,500 shares at $30.49 per share price. According to the SEC, on Apr 13, 2016, Elissa E. Murphy (CTO & EVP, Cloud Platforms) sold 15,000 shares at $30.25 per share price. On Apr 13, 2016, James M. Carroll (EVP – International) sold 25,000 shares at $30.25 per share price, according to the Form-4 filing with the securities and exchange commission.

GoDaddy Inc. operates a Web domain marketplace The Company is a technology provider to small businesses Web design professionals and individuals delivering cloud-based products and outcome-driven personalized Customer Care. The Company operates domain marketplace where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence connect with their customers and manage their business operations. The Company’s products include domain hosting and presence and business applications.

Godaddy Inc

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