GoDaddy (GDDY) Gets a Buy Rating from Oppenheimer
Oppenheimer analyst Jason Helfstein maintained a Buy rating on GoDaddy (GDDY) yesterday. The company’s shares closed last Wednesday at $71.16.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 33.4% and a 74.1% success rate. Helfstein covers the Technology sector, focusing on stocks such as Zillow Group Class A, Fiverr International, and ANGI Homeservices.
Currently, the analyst consensus on GoDaddy is a Strong Buy with an average price target of $97.09.
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Based on GoDaddy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $806 million and GAAP net loss of $673 million. In comparison, last year the company earned revenue of $737 million and had a GAAP net loss of $12.6 million.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GDDY in relation to earlier this year.
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GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons on January 1997 and is headquartered in Scottsdale, AZ.