Applied Finance Capital Management LLC Acquires Shares of 3,236 GoDaddy Inc. $GDDY

Key Points

• Applied Finance Capital Management LLC has acquired 3,236 shares of GoDaddy Inc. during the second quarter, with a total investment estimated at approximately $583,000.
• GoDaddy's latest earnings report revealed an EPS of $1.41, exceeding analysts' estimates and showing an 8.3% increase in revenue compared to the previous year.
• Multiple analysts have recently revised their price targets for GoDaddy, with most indicating a consensus price target of $199.00 and ratings ranging from "Buy" to "Moderate Buy".

Applied Finance Capital Management LLC acquired a new stake in GoDaddy Inc. (NYSE:GDDY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,236 shares of the technology company's stock, valued at approximately $583,000.

Other hedge funds have also recently modified their holdings of the company. HighPoint Advisor Group LLC increased its position in shares of GoDaddy by 15.9% in the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company's stock valued at $402,000 after acquiring an additional 293 shares during the period. Sowell Financial Services LLC bought a new stake in shares of GoDaddy during the 1st quarter valued at about $291,000. DAVENPORT & Co LLC boosted its stake in shares of GoDaddy by 7.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company's stock valued at $354,000 after purchasing an additional 141 shares in the last quarter. Optimist Retirement Group LLC boosted its stake in shares of GoDaddy by 5.8% during the 1st quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company's stock valued at $274,000 after purchasing an additional 84 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of GoDaddy by 102.8% during the 1st quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company's stock valued at $145,033,000 after purchasing an additional 408,178 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Trading Up 0.5%

NYSE:GDDY opened at $128.68 on Friday. GoDaddy Inc. has a one year low of $127.65 and a one year high of $216.00. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The company's 50-day simple moving average is $141.60 and its 200 day simple moving average is $163.53. The firm has a market capitalization of $17.82 billion, a P/E ratio of 22.98, a PEG ratio of 1.38 and a beta of 0.98.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. GoDaddy's quarterly revenue was up 8.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup cut their target price on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Barclays cut their target price on shares of GoDaddy from $235.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company cut their target price on shares of GoDaddy from $157.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, October 6th. Piper Sandler set a $182.00 target price on shares of GoDaddy and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Raymond James Financial cut their target price on shares of GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, GoDaddy currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.00.

Insiders Place Their Bets

In other GoDaddy news, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $141.14, for a total value of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares of the company's stock, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the completion of the transaction, the chief financial officer directly owned 70,133 shares of the company's stock, valued at $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,203 shares of company stock valued at $4,031,238. 0.70% of the stock is owned by company insiders.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.

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