Godaddy Inc (GDDY) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Jun 7, 2016.
Many Wall Street Analysts have commented on Godaddy Inc. Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 37 from a previous price target of $36 .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 closed down -0.09 points or -0.27% at $33.24 with 2,84,729 shares getting traded on Friday. Post opening the session at $33.21, the shares hit an intraday low of $32.83 and an intraday high of $33.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 2, 2016, Scott Wagner (CFO and COO) sold 8,000 shares at $32.53 per share price. According to the SEC, on May 27, 2016, Auguste Goldman (Chief People Officer) sold 5,000 shares at $32.00 per share price. On May 27, 2016, Nima Kelly (EVP – General Counsel) sold 10,000 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.
GoDaddy Inc. operates a Web domain marketplace godaddy.com. 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.