GoDaddy Up by 15%; Raises 2015 Revenue Forecast

GoDaddy a Web domain marketplace has gain 15%. The launch their public offering last April and in their Initial public offering (IPO) they were able to raise $460 million. Their company is valued at $5.48 billion.

Godaddy (NASDAQ:GDDY) had its price objective boosted by investment analysts at JMP Securities to $38.00 in a research note that was released last Friday on StockTargetPrices.com.

GDDY's 50-day moving average price is $26.36 and its 200-day moving average price is $26.78. The 12-month mean target is $33.45, which means upside potential of 7.97% over the current price. Monness Crespi & Hardt initiated the shares of GDDY in a report on August 12 with "Buy" rating. Godaddy presently has an average rating of "Buy" and an average price target of $34.06. Deutsche Bank upped their price target on Godaddy from $32.00 to $33.00 and gave the stock a buy rating in a report on Friday, August 7th. Godaddy (NASDAQ:GDDY) last released its quarterly earnings data on Wednesday, November 4th. The street expected the company to report a loss of $.09 per share on revenue of $408 million, while the company itself expected third quarter revenue to be between $405-410 million.

Facebook Shares Down 37% since IPO

Investors fled the stock in droves because they are unhappy with Facebook’s first financial report as a public company on Thursday, even as Mark Zuckerberg brag about its growth prospects to industry analysts. Facebook’s stock lost 18% of its value on Thursday. The first blow came during regular trading largely because of the poor results posted by Zynga, the social game company that uses Facebook as a platform.

Facebook stock continued to plummet in after hours trading after Facebook announced its own numbers, dipping below $24, a record low. Since going public two months ago at $38 a share, Facebook shares have lost 37% of their value.

The company said its revenue for the quarter climbed to $1.18 billion, from $895 million; most of it came from advertising.

The company reported a net loss of $157 million, or 8 cents a share, compared with net income of $240 million, or 11 cents a share for the same quarter last year. Much of that was because of stock compensation, and on an adjusted basis, the company posted a profit of 12 cents a share, or $295 million, meeting analysts’ expectations.

Zuckerberg has rarely spoken publicly about the company he built in his dorm room eight years ago. But nothing he and his lieutenants said on Thursday about their plans to make money by advertising to Facebook users seemed to reassure investors.

Facebook shares sink again

Oh crap! Facebook shares sank further Tuesday amid new accusations that key underwriters had cut their forecasts for the company just days before Friday's initial public offering.

Facebook shares lost another 8.6 percent Tuesday, closing at $31.12, leaving them 18.1 percent below the IPO price.

The shares continued to fall in after-hours trade, falling to as low as $30.72, as analysts and investors concluded that the $16 billion, 421 million shares IPO was just too big for the real demand and that major early institutional investors had not intended to hold on to them.

On Tuesday reports surfaced that Morgan Stanley and two other key underwriters, JP Morgan and Goldman Sachs, had cut the forecasts they provided to their customers days before the issue.