80.35 0.00 (0.00%)
After hours: 5:03PM EDT
|Bid||80.21 x 800|
|Ask||80.38 x 900|
|Day's Range||79.13 - 80.58|
|52 Week Range||56.67 - 84.97|
|Beta (3Y Monthly)||0.49|
|PE Ratio (TTM)||178.56|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||87.43|
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But when you pick a company that is really flourishing, you can make more than 100%. For instance...
GoDaddy is the IBD Stock Of The Day as shares break out in high volume following an acquisition that boosts its e-commerce capabilities. GoDaddy stock hit a buy zone with Thursday's rally.
After opening mostly up Thursday, stocks drifted lower late in the day in listless trading, despite reports showing continued strong job growth and underlying low core inflation.
Growth stocks are showing continued bullish strength, even as the Dow Jones Industrial Average and other key equity indexes are cooling off a bit.
GoDaddy Acquires Sellbrite, Enabling Customers to Sell on Amazon, eBay, Etsy, Jet, and Walmart.com via GoCentral Online Store SCOTTSDALE, Ariz. , April 10, 2019 /PRNewswire/ -- For online sellers, the ...
GoDaddy Inc NYSE:GDDYView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for GDDY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GDDY. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding GDDY are favorable with net inflows of $112.83 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
SCOTTSDALE, Ariz. , April 5, 2019 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, will release financial results for the first quarter on Thursday, May 2, 2019 ...
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of December 31. In this […]
Three Arizona companies had perfect scores on the Human Rights Campaign (HRC) Foundation's 2019 Corporate Equality Index. The annual assessment of how well corporate America is protecting the LGBTQ community in the workplace showed that University of Phoenix, GoDaddy Inc. (NYSE: GDDY) and law firm Snell & Wilmer all scored 100 on the CEI.
Moody's Investors Service ("Moody's") upgraded Go Daddy Operating Company, LLC's ("GoDaddy") Corporate Family Rating (CFR) to Ba2 from Ba3, Probability of Default Rating (PDR) to Ba2-PD from Ba3-PD, and its senior secured first lien credit facility (including revolving credit facility and term loan) ratings to Ba2 from Ba3. Additionally, the Speculative Grade Liquidity Rating (SGL) was affirmed at SGL-1. The upgrade of GoDaddy's CFR to Ba2 reflects consistent track record of strong revenue and earnings growth and double digit percentage adjusted free cash to debt subsequent to the April 2017 Host Europe (HEG) acquisition.
SCOTTSDALE, Ariz., March 28, 2019 /PRNewswire/ -- GoDaddy Inc. (GDDY), the company that empowers everyday entrepreneurs, received a perfect score of 100 percent on the 2019 Corporate Equality Index (CEI), the nation's premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. "GoDaddy takes great pride in offering an inclusive workplace that encourages employees to bring their authentic selves to work," said Monica Bailey, Chief People Officer for GoDaddy.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why itRead More...
GoDaddy Inc. (GDDY), the company that empowers everyday entrepreneurs, today announced its partnership with the International Cricket Council (ICC) as the official sponsor of the ICC Men’s Cricket World Cup 2019, one of the biggest sporting events in the world. GoDaddy will be the global platform of the ICC Men’s Cricket World Cup to drive even greater awareness, amongst tournament viewers and cricket enthusiasts, about the benefits for small business owners and entrepreneurs of creating a powerful online identity to help their ventures grow.
The most expensive stocks often receive a disproportionate share of the coverage in the financial news industry. Since those stocks often emerge from cutting-edge industries, they tend to win investor attention as they often represent the future.Assuming the company earns a profit, they usually get classified as the most expensive stock through their price-to-earnings (P/E) ratio. The average P/E ratio for an S&P 500 company comes in at about 21.4. However, these stocks command much higher P/E ratios, often into the triple digits. Due to their usually phenomenal growth, these stocks can maintain triple-digit multiples for years. * 10 Tech Stocks to Buy Now for 2025 However, high growth rarely lasts forever. While slowing growth rarely makes these equities cheap stocks, it becomes a time when many of the most expensive stocks go on sale. These six equities, which have often become the most expensive stocks in the recent past, appear poised to trade at sale prices:InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Shutterstock Chipotle (CMG)Fast-food stocks rarely make it on a list of most expensive stocks, but the success of the healthy fast food trend Chipotle (NYSE:CMG) pioneered has taken that equity to record highs. Not even outbreaks of E. coli or other cases of food poisoning have not permanently derailed its move higher.Today, CMG stock trades at a P/E of 98. Profit growth takes the forward P/E to just under 40. However, I think Chipotle's days of trading at an elevated multiple may end soon. Other fast-food eateries have latched on to the healthy food trend. Restaurants such as Zoe's Kitchen, Modern Market and many others have emerged. Moreover, established brands such as McDonald's (NYSE:MCD) now offer healthier options.Most remain private for now, but as more of these firms launch IPO's, investors will have several healthy fast-food restaurants from which to choose. Wall Street expects Chipotle to increase profits by an average of 24% per year for the next five years. For this reason, I expect a more gradual drop in the P/E ratio. However, over time I think CMG stock will eventually fall to a P/E ratio comparable to that of McDonald's. Since that trend has already begun, I would recommend avoiding CMG stock at these levels.Source: Shutterstock GoDaddy (GDDY)The public may know GoDaddy (NYSE:GDDY) best for Super Bowl commercials. However, it earns revenue as a domain registrar and web hosting service. Despite its thin-moat business, it has managed to acquire 18 million customers and hold 77 million domain names under management. This strategy has helped GDDY stock grow to a P/E ratio of 164 and will bring a 73.3% profit increase this year if Wall Street's forecasts come to fruition.However, I think the weak moat makes profit forecasts untrustworthy. The problem for GDDY is that consumers who want to register a domain or find web hosting have numerous companies from which to choose. Hence, the Super Bowl commercials and the GoDaddy name constitute its entire moat. Moreover, Danica Patrick's retirement from racing has reduced the exposure she brought to the company. If people start to remember that other hosting companies exist, it could lead to a lower market share and reduced profit growth. * 10 Top Pot Stocks 2019 Has to Offer Despite the problems, I think highly of GoDaddy as a company. Achieving this level of earnings growth in a business with almost no moat stands as an impressive feat. However, I think that weak moat means GDDY stock will not stay on the most expensive stocks list for much longer.Source: Shutterstock Ionis Pharmaceuticals (IONS)Ionis (NASDAQ:IONS) specializes in antisense technology. This allows for the manipulation of genes to treat diseases. The company is best known for the drug Spinraza, a therapy which it developed with Biogen (NASDAQ:BIIB) for spinal muscular atrophy. Ionis also leads the way in RNA therapies.Where it cannot seem to lead the way is in stock price growth. IONS stock trades at around $70 per share. This takes it to a record high, but it also means it could form a double-top as it slightly exceeds the record levels in 2015. Moreover, the spike in profits in 2018 occurred from a one-time, $292 million tax event in the fourth quarter. Without such events, the forward P/E ratio rises to just above 201.Analysts predict an average profit growth rate of 40% per year for the next five years. However, with drops in earnings coming for both this year and next, one has to wonder whether that forecast will hold. Even if IONS stock makes or exceeds that profit growth, whether it justifies its high multiple remains in question. While I expect Ionis to develop innovative therapies, measuring how much they succeed remains difficult. Between the possible double top in the charts, a 201 forward P/E and an uncertain future, I find it difficult to stay optimistic about the near-term prospects of IONS stock.Source: Vivian D Nguyen via Flickr (Modified) Netflix (NFLX)As the pioneer in streaming video, Netflix (NASDAQ:NFLX) stock has remained a growth powerhouse for many years. Triple-digit P/E ratios and threats from competing streaming services have failed to stop the growth in NFLX stock. Over the last few years, Netflix has maintained this growth by developing award-winning, popular content and partnering with the likes of Disney (NYSE:DIS) to offer a wide variety of viewing choices.However, Disney now plans to offer its own streaming service. With that, much of its popular content switches from a company asset to a competitive threat. Moreover, the high costs of in-house content development have increased the debt load on Netflix's balance sheet. Netflix has increased fees to mitigate that cost. However, with Disney charging only $4.95 for its ESPN+ streaming services, they could choose to undercut Netflix and diminish the company's ability to increase fees. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio Granted, streaming services are a bargain compared to the traditional pay TV services. For this reason, rising prices may not lead to revenue declines. Still, in a world with many peers, maintaining the high multiple of NFLX stock could become difficult. Moreover, the forward P/E ratio, which now stands at just under 55, has fallen in recent years. This could trigger further stock dilution as Netflix needs options to pay down its debt. I expect Netflix to remain a content powerhouse for years to come, but with rising debts and increased competition, NFLX will probably not stay on the list of most expensive stocks.Source: Shopify via Flickr Shopify (SHOP)I have often referred to Shopify (NYSE:SHOP) stock as the "anti-Amazon," the company that allows one to set up shop without the help of online giant Amazon (NASDAQ:AMZN). Shopify's platform allows any entrepreneur to build and operate an online store with minimal development skills. Given that reality, one can see why it earned its place on many most expensive stocks lists.Since it trades at over 18 times sales and almost ten times book value, most would call SHOP stock pricey. Moreover, factors have emerged that would call these multiples as well as its 216.9 forward P/E ratio into question. Competitors such as WooCommerce and Magento, a product owned by Adobe (NASDAQ:ADBE) offer credible alternative platforms to online entrepreneurs. Amazon and Square (NYSE:SQ) have also targeted its customer base.Wall Street expects average earnings increases of 56.3% per year over the next five years. Also, all e-commerce platform developers should benefit from the massive growth the industry will enjoy for the foreseeable future. However, Shopify has yet to turn an annual profit. With all of the available alternatives, more investors will probably question the current valuation of SHOP stock.Source: Web Summit Via Flickr Twilio (TWLO)Twilio (NYSE:TWLO) has earned its designation among the most expensive stocks with its forward P/E ratio of almost 430. TWLO dominates the platform-as-a-service (PaaS) for cloud-based APIs. In layman's terms, this is the technology that enables firms such as Uber to operate their services.Although analysts foresee profits falling this year, they believe earnings will grow by an average 36.5% per year over the next five years. I think this rate of increase deserves a higher-than-average multiple. However, this growth rate still cannot possibly justify a 430 forward P/E multiple.Moreover, competition has become an increasing threat as smaller competitors have emerged. TWLO stock fell recently when news came out that Uber was looking to reduce its dependence on Twilio. The stock could also drop precipitously if companies such as Amazon (who serves as Twilio's hosting company) or Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) decide to enter this market. * 7 Dividend Stocks Already Rewarding Shareholders In 2019 No matter the size of Twilio's direct peers, competition will pose an increasing threat. I expect this industry to see massive growth over the next few years. However, even exponential growth has its limits. With its 400-plus forward P/E and new competitors emerging, I think TWLO stock has nowhere to go but down.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post 6 of the Most Expensive Stocks That Could Go On Sale appeared first on InvestorPlace.
You don't have to look far to see the bull case for Shopify (NYSE:SHOP). Even intuitively, we all recognize that ecommerce has revolutionized the retail industry. Given the dramatic, long-term success of Amazon (NASDAQ:AMZN) and its ilk, it's only natural that Shopify stock receives positive coverage.Source: Shopify via FlickrEarlier this year, our own Chris Lau boldly proclaimed that SHOP stock "should have another great quarter." He hit it spot-on. For the fourth quarter of 2018, Shopify produced adjusted earning of 26 cents per share. This was up five cents above the consensus forecast, and represented over 73% growth year-over-year.More important, management delivered $343.9 million in revenue, topping the consensus target calling for $327 million. Impressively, this latest haul exceeded the year-ago sales tally by a whopping margin of over 54%. Unsurprisingly, the SHOP stock price skyrocketed this year, up nearly 43%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Stocks to Buy for March At the same time, it's hard not to find some critical voices. For instance, InvestorPlace contributor Vince Martin wrote an excellent piece about the valuation risks regarding Shopify stock. Since the company has cyclical challenges, an ever-rising share price presents an uncomfortable proposition for speculators. Plus, as Lau mentioned, Shopify still is losing money.However, the bulls overcome these oft-cited vulnerabilities due to the forward-looking opportunities. As we're told repeatedly, e-commerce as a sector is growing exponentially. As it relates to Shopify stock, the underlining company continues to add members thanks to its user-friendly platform.Furthermore, stakeholders may potentially benefit from the cannabis legalization, and management's international ambitions. Success in either category could reignite the SHOP stock price.But behind most optimistic scenarios is a narrative. Whether that story comes true or not is an entirely different matter. Markets Warn Against Shopify StockI'm not interested in providing another narrative; I'd like to look at the hard data. Make no mistake about it: Shopify stock proved to be one of the most profitable initial public offerings in recent memory. A major reason why is because of the ecommerce firm's meteoric sales growth.From Q2 2015, revenue jumped from just under $45 million to nearly $344 million in the most recent quarter. Over the same timeframe, the average SHOP stock price jumped from $30.56 to $143.09. Mathematically, this represents a correlation of 94%. In other words, as revenues increased, so did the share price: not rocket-science.Interestingly, though, the correlation between sales and share prices dipped to about 54%. True, this is a much smaller sample size, which can create distortions. Nevertheless, the reduction in the relational strength between revenue and market value warrants investigation.As it turns out, Shopify's revenue in terms of percentage growth has consistently declined over the years. For example, in Q4 2016, sales growth was 85.8%. One year later, this metric slipped to 70.9%. In the most recent Q4 as we mentioned, growth is at 54%. In that context, the last earnings report wasn't that impressive.Not only that, the free market generally reflects this revenue decline. In 2017, the average YOY growth in the SHOP stock price ballooned to nearly 158%. Last year, it settled down to a comparatively more reasonable 67%.But I believe this average share-price growth rate will decline further. Keep in mind that Shopify stock is a growth investment. Obviously, you're not earning dividends here. So if the growth narrative starts to falter, speculators have less reason to tolerate risk.As you can see, the growth curve only points in one direction: down. It's Time to Take ProfitsIf you've benefitted from the latest surge in Shopify stock, congratulations! Now is the time to secure those benefits, turning a "paper" victory into a real one.As Martin repeatedly states for SHOP and other investments, valuations matter. In this case, you're paying a hefty premium for declining growth. That doesn't side like a wise move. To me, it sounds like a mini-bubble, that emotions have trumped the fundamentals.And let's talk about those fundamentals. Shopify largely wins off small and medium-sized businesses. But is that enough to sustain the rich premiums for SHOP stock? I'd argue no.As our own Tom Taulli noted, Shopify faces intense competition from Wix.com (NASDAQ:WIX), Woocommerce and Godaddy (NYSE:GDDY). It's winning the battle now, but the war is far from over.In fact, the declining sales growth rate confirms that other factors, like competition and a narrow consumer base, have chipped away at Shopify's armor. With shares up 43% year-to-date, your next move is an obvious one: take the money, and wait for a better re-entry point, if you wish.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Retail Stocks Ready to Break Out * 7 Strong Buy Stocks the Street Loves * 10 Best Stocks to Buy and Hold Forever Compare Brokers The post Now Is the Best Time to Lock in Those Shopify Stock Profits appeared first on InvestorPlace.
The two high-profile investors are putting a combined 8.5 million shares up for sale and will divest their stake in the company as a result.
SCOTTSDALE, Ariz., Feb. 26, 2019 /PRNewswire/ -- GoDaddy Inc. (GDDY), the company that empowers everyday entrepreneurs, announced today the pricing of an underwritten public offering of 8,546,616 shares of its Class A common stock at a price to the public of $75.35 per share pursuant to an effective Registration Statement on Form S-3 previously filed with the Securities and Exchange Commission. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as bookrunners for this offering. Selling stockholders are offering 8,538,616 shares of Class A common stock. Selling stockholders participating in the offering consist of entities affiliated with Kohlberg Kravis Roberts & Co. L.P. and Silver Lake Partners. GoDaddy will not receive any proceeds from the sale of the shares by the selling stockholders. GoDaddy is also offering 8,000 shares of its Class A common stock and intends to use the proceeds of the offering to pay the transaction expenses incurred in connection with the offering and any remaining proceeds for general corporate purposes.
SCOTTSDALE, Ariz., Feb. 25, 2019 /PRNewswire/ -- GoDaddy Inc. (GDDY), the company that empowers everyday entrepreneurs, announced today an underwritten public offering of 8,546,616 shares of its Class A common stock pursuant to an effective Registration Statement on Form S-3 previously filed with the Securities and Exchange Commission. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as bookrunners for this offering. Selling stockholders are offering 8,538,616 shares of Class A common stock.
NEW YORK, Feb. 22, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.