FY2025 EPS Estimates for GoDaddy Cut by Cantor Fitzgerald

GoDaddy Inc. (NYSE:GDDY - Free Report) - Investment analysts at Cantor Fitzgerald cut their FY2025 earnings per share estimates for GoDaddy in a research note issued on Monday, April 28th. Cantor Fitzgerald analyst D. Mathivanan now expects that the technology company will earn $6.64 per share for the year, down from their prior estimate of $6.74. The consensus estimate for GoDaddy's current full-year earnings is $6.63 per share.

Several other analysts also recently commented on the company. Raymond James increased their target price on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. Barclays reduced their price objective on GoDaddy from $243.00 to $235.00 and set an "overweight" rating for the company in a report on Friday. Citigroup lowered their target price on shares of GoDaddy from $260.00 to $234.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Benchmark reiterated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $214.21.

GoDaddy Stock Up 2.2 %

Shares of NYSE:GDDY traded up $3.91 during trading on Wednesday, reaching $180.18. 849,964 shares of the stock traded hands, compared to its average volume of 1,473,585. The stock has a market cap of $25.47 billion, a P/E ratio of 27.94 and a beta of 1.13. The company has a debt-to-equity ratio of 5.46, a quick ratio of 0.56 and a current ratio of 0.72. The stock has a 50-day moving average of $176.43 and a two-hundred day moving average of $187.51. GoDaddy has a 52-week low of $124.83 and a 52-week high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.08). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $2.76 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $194.28, for a total value of $194,280.00. Following the sale, the chief operating officer now directly owns 182,632 shares of the company's stock, valued at approximately $35,481,744.96. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $180.66, for a total value of $541,980.00. Following the transaction, the chief executive officer now directly owns 505,649 shares of the company's stock, valued at approximately $91,350,548.34. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock worth $2,791,200. 0.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GDDY. WCM Investment Management LLC raised its stake in GoDaddy by 7,083.4% during the fourth quarter. WCM Investment Management LLC now owns 3,404,066 shares of the technology company's stock valued at $678,941,000 after purchasing an additional 3,356,678 shares in the last quarter. Norges Bank bought a new position in shares of GoDaddy in the 4th quarter valued at about $356,038,000. Assenagon Asset Management S.A. grew its position in GoDaddy by 1,412.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock worth $242,727,000 after acquiring an additional 1,258,324 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in GoDaddy by 107.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,386,137 shares of the technology company's stock worth $273,582,000 after acquiring an additional 719,000 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new stake in GoDaddy during the fourth quarter valued at approximately $111,923,000. 90.28% of the stock is currently owned by institutional investors.

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.