GoDaddy Inc. (NYSE:GDDY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

GoDaddy Inc. (NYSE:GDDY - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $202.4286.

A number of equities analysts have commented on GDDY shares. JPMorgan Chase & Co. boosted their target price on shares of GoDaddy from $231.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Citigroup lowered their target price on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada reduced their price target on GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Piper Sandler set a $182.00 price objective on shares of GoDaddy and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Benchmark restated a "buy" rating on shares of GoDaddy in a research note on Monday, April 28th.

GoDaddy Trading Down 0.6%

GoDaddy stock traded down $0.88 during mid-day trading on Monday, hitting $145.45. The company's stock had a trading volume of 758,085 shares, compared to its average volume of 1,586,457. GoDaddy has a one year low of $132.51 and a one year high of $216.00. The stock has a market cap of $20.14 billion, a PE ratio of 25.94, a P/E/G ratio of 1.56 and a beta of 1.08. The company has a 50 day moving average of $165.43 and a 200-day moving average of $176.16. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that GoDaddy will post 6.63 EPS for the current year.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $160.47, for a total value of $80,235.00. Following the completion of the sale, the director directly owned 21,457 shares in the company, valued at $3,443,204.79. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $159.46, for a total transaction of $956,760.00. Following the transaction, the chief executive officer owned 419,015 shares of the company's stock, valued at $66,816,131.90. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,881 shares of company stock valued at $5,869,390 in the last three months. Corporate insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. CYBER HORNET ETFs LLC purchased a new position in shares of GoDaddy in the second quarter worth about $66,000. FORA Capital LLC purchased a new stake in GoDaddy in the 2nd quarter valued at about $1,038,000. Headlands Technologies LLC acquired a new position in shares of GoDaddy in the 2nd quarter worth approximately $243,000. CANADA LIFE ASSURANCE Co lifted its stake in GoDaddy by 2.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 305,172 shares of the technology company's stock worth $55,010,000 after purchasing an additional 7,871 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in GoDaddy by 6.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,263 shares of the technology company's stock valued at $1,308,000 after acquiring an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Company Profile

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.