GoDaddy (GDDY) Investors: Piper Jaffray Reaffirms Buy Rating, Sees $97/Share; Connors Investor Services Has Trimmed By $4.64 Million Its Western Digital (WDC) Holding

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They currently have a $97 TP on GoDaddy (NYSE:GDDY). Piper Jaffray’s target would suggest a potential upside of 34.00% from the company’s previous stock close. This was revealed to investors in a note on Thursday, 21 February.

Connors Investor Services Inc decreased Western Digital (WDC) stake by 84.4% reported in 2018Q3 SEC filing. Connors Investor Services Inc sold 80,070 shares as Western Digital (WDC)’s stock declined 26.98%. The Connors Investor Services Inc holds 14,800 shares with $866,000 value, down from 94,870 last quarter. Western Digital now has $14.10B valuation. The stock increased 0.96% or $0.46 during the last trading session, reaching $48.46. About 684 shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 46.83% since February 21, 2018 and is downtrending. It has underperformed by 46.83% the S&P500. Some Historical WDC News: 15/03/2018 – Western Digital Forms Golden Cross: Technicals; 19/04/2018 – 3D Non-Volatile Memory Patent Landscape Analysis 2018 Featuring SanDisk/Western Digital, Micron Technology, SK Hynix, Toshiba, Samsung & Macronix International – ResearchAndMarkets.com; 16/05/2018 – WDC: Buy Of A Decade Now!; 27/03/2018 – Western Digital Provides Cost-Effective, Hybrid-Cloud Backup and Recovery Solution with StorReduce Software for Enterprises; 15/05/2018 – Viking Global Investors Buys New 1% Position in Western Digital; 23/04/2018 – Western Digital Closes Below 200-Day Moving Average: Technicals; 16/03/2018 – Western Dig: Get Set for NAND Supply Tightness, Says Baird — Barron’s Blog; 26/04/2018 – Western Digital 3Q EPS 20c; 14/03/2018 – Western Digital Rises for 10 Days; Longest Rally in 13.5 Years; 16/05/2018 – Western Digital Closes Above 200-Day Moving Average: Technicals

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company has market cap of $12.56 billion. It provides domain name registration product that enables to engage clients at the initial stage of establishing a digital identity; hosting and presence products, such as shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, and security. It has a 97.69 P/E ratio. The firm also offers Website builder, an online tool that enables clients to build Websites; online store product that allows clients to create their own standalone Website with an integrated online store optimized for mobile shopping; and search engine visibility product that helps clients get their Websites found on search sites through search engine optimization.

Among 4 analysts covering GoDaddy (NYSE:GDDY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. GoDaddy has $8800 highest and $85 lowest target. $86.67’s average target is 19.73% above currents $72.39 stock price. GoDaddy had 4 analyst reports since September 14, 2018 according to SRatingsIntel. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by SunTrust on Wednesday, February 20. The company was upgraded on Thursday, October 11 by Citigroup.

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Analysts await GoDaddy Inc. (NYSE:GDDY) to report earnings on February, 28. They expect $0.13 EPS, up 18.18% or $0.02 from last year’s $0.11 per share. GDDY’s profit will be $22.56M for 139.21 P/E if the $0.13 EPS becomes a reality. After $0.08 actual EPS reported by GoDaddy Inc. for the previous quarter, Wall Street now forecasts 62.50% EPS growth.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Benzinga.com which released: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” on February 20, 2019, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Agilent, American Water, Apple, Biogen, Garmin, GoDaddy, Tilray, UBS, Walmart and More – 24/7 Wall St.” published on February 21, 2019, Zacks.com published: “GoDaddy (GDDY) Earnings & Revenues Beat Estimates in Q4 – Zacks.com” on February 21, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Zacks.com and their article: “GoDaddy (GDDY) Q4 Earnings and Revenues Top Estimates – Zacks.com” published on February 20, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 20, 2019 – Benzinga” with publication date: February 20, 2019.

The stock decreased 0.40% or $0.29 during the last trading session, reaching $72.39. About 2.63 million shares traded or 96.42% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since February 21, 2018 and is uptrending. It has outperformed by 34.41% the S&P500. Some Historical GDDY News: 18/04/2018 – Nuveen Winslow Large Growth Adds GoDaddy, Exits Apple; 08/05/2018 – GODADDY INC GDDY.N : RBC RAISES TARGET PRICE TO $77 FROM $69; 26/04/2018 – GoDaddy – Go Danica! Tuesday Marks Long-Awaited lndyCar Return

Connors Investor Services Inc increased Pnc Financial Services Group (NYSE:PNC) stake by 4,020 shares to 83,794 valued at $11.41 million in 2018Q3. It also upped Cisco Systems (NASDAQ:CSCO) stake by 15,796 shares and now owns 304,505 shares. Csx (NYSE:CSX) was raised too.

Among 13 analysts covering Western Digital (NASDAQ:WDC), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Western Digital had 15 analyst reports since September 4, 2018 according to SRatingsIntel. Wells Fargo maintained the stock with “Outperform” rating in Friday, October 26 report. The rating was maintained by Citigroup on Monday, October 29 with “Buy”. Craig Hallum downgraded it to “Hold” rating and $59 target in Friday, October 26 report. RBC Capital Markets downgraded Western Digital Corporation (NASDAQ:WDC) rating on Tuesday, September 11. RBC Capital Markets has “Sector Perform” rating and $70 target. The company was downgraded on Friday, October 26 by Benchmark. The firm has “Underperform” rating by Evercore given on Monday, January 14. The firm earned “Neutral” rating on Friday, October 26 by Longbow. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 19. The stock of Western Digital Corporation (NASDAQ:WDC) has “Neutral” rating given on Monday, October 1 by Mizuho. The company was maintained on Friday, October 26 by BMO Capital Markets.

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Investors sentiment decreased to 1.1 in 2018 Q3. Its down 0.15, from 1.25 in 2018Q2. It dropped, as 93 investors sold WDC shares while 169 reduced holdings. 69 funds opened positions while 220 raised stakes. 235.05 million shares or 0.29% more from 234.39 million shares in 2018Q2 were reported. Wells Fargo And Comm Mn invested in 2.52 million shares. Moreover, Raymond James And Assocs has 0.07% invested in Western Digital Corporation (NASDAQ:WDC) for 730,649 shares. Boston Ptnrs holds 0.05% in Western Digital Corporation (NASDAQ:WDC) or 768,960 shares. Verition Fund Mgmt Lc accumulated 0.08% or 35,926 shares. Amp Cap Invsts has 0.05% invested in Western Digital Corporation (NASDAQ:WDC). Schwab Charles Management Incorporated owns 1.43 million shares. Riggs Asset Managment Company holds 47 shares or 0% of its portfolio. New Mexico Educational Retirement Board has invested 0.06% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Advisory Service Ntwk Limited Liability invested in 0.03% or 7,588 shares. Howe Rusling holds 0.01% or 511 shares in its portfolio. Vident Advisory Lc holds 49,272 shares or 0.11% of its portfolio. Great West Life Assurance Can holds 543,320 shares or 0.08% of its portfolio. Koshinski Asset Mngmt Inc has invested 0.07% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Mutual Of America Ltd Llc holds 46,438 shares. Clarivest Asset Ltd Liability reported 40 shares.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart



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