GoDaddy Inc. (NYSE:GDDY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Fifteen analysts give GoDaddy an average rating of "Moderate Buy" (8 hold, 6 buy, 1 strong buy) with a one‑year average price target of $125.57.
• Recent results & valuation: GoDaddy beat quarterly EPS estimates ($1.80 vs. $1.58) with revenue of $1.27B (up 6.8% YoY), while shares trade near $86 with a PE of 13.8 and a 12‑month range of $73.06–$193.55.
• Insider activity: Insiders have sold 61,918 shares worth about $5.5M over the past 90 days (including sales by the CAO and CFO), and institutional investors own roughly 90.3% of the stock.

Shares of GoDaddy Inc. (NYSE:GDDY - Get Free Report) have been given an average rating of "Moderate Buy" by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $125.5714.

GDDY has been the subject of several research analyst reports. Raymond James Financial restated a "strong-buy" rating and set a $100.00 price target on shares of GoDaddy in a research note on Wednesday, February 25th. Citigroup lowered their target price on GoDaddy from $195.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Royal Bank Of Canada lowered their target price on GoDaddy from $200.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Piper Sandler began coverage on GoDaddy in a research note on Thursday, March 12th. They issued a "neutral" rating and a $93.00 target price for the company. Finally, Wells Fargo & Company lowered their target price on GoDaddy from $145.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 25th.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $86.02 on Friday. The firm has a market capitalization of $11.47 billion, a PE ratio of 13.81, a P/E/G ratio of 0.75 and a beta of 0.98. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.61. The business has a 50-day moving average of $85.17 and a two-hundred day moving average of $108.36. GoDaddy has a 12 month low of $73.06 and a 12 month high of $193.55.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.58 by $0.22. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The firm's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share. As a group, research analysts forecast that GoDaddy will post 7.3 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Phontip Palitwanon sold 1,310 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $90.15, for a total value of $118,096.50. Following the completion of the sale, the chief accounting officer owned 20,349 shares in the company, valued at approximately $1,834,462.35. This trade represents a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 17,406 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $88.99, for a total value of $1,548,959.94. Following the completion of the sale, the chief financial officer owned 113,003 shares of the company's stock, valued at approximately $10,056,136.97. This trade represents a 13.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,918 shares of company stock worth $5,500,469 in the last ninety days. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GoDaddy

A number of large investors have recently modified their holdings of GDDY. Hemington Wealth Management boosted its holdings in GoDaddy by 85.9% during the third quarter. Hemington Wealth Management now owns 184 shares of the technology company's stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in GoDaddy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company's stock valued at $258,000 after purchasing an additional 86 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in GoDaddy by 0.9% during the third quarter. Clearstead Advisors LLC now owns 12,324 shares of the technology company's stock valued at $1,686,000 after purchasing an additional 104 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in GoDaddy by 2.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,581 shares of the technology company's stock valued at $764,000 after purchasing an additional 113 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in GoDaddy by 0.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,247 shares of the technology company's stock valued at $2,907,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company's core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.

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