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

Key Points

• GoDaddy Inc. has received a consensus recommendation of “Moderate Buy” from 14 analysts, with an average 1-year price target of $202.43.
• Insider trading activity included sales by the CAO and CFO on September 3rd, with total shares sold amounting to $4.52 million in the last quarter.
• The company reported $1.22 billion in revenue for the last quarter, exceeding expectations and showing an 8.3% year-over-year increase.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $202.4286.

GDDY has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on GoDaddy from $198.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada dropped their price target on shares of GoDaddy from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Citigroup cut their price target on shares of GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a 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, Raymond James Financial dropped 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 report on Friday, August 8th.

Insider Buying and Selling

In other news, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares of the company's stock, valued at $2,904,070.41. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares of the company's stock, valued at $9,973,613.93. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,828 shares of company stock worth $4,524,888 in the last quarter. 0.70% of the stock is owned by insiders.

Institutional Investors Weigh In On GoDaddy

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Norges Bank acquired a new stake in shares of GoDaddy in the second quarter valued at about $341,588,000. Goldman Sachs Group Inc. grew its position in GoDaddy by 257.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,236,850 shares of the technology company's stock worth $402,946,000 after acquiring an additional 1,610,890 shares during the period. Assenagon Asset Management S.A. increased its position in shares of GoDaddy by 1,412.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,347,434 shares of the technology company's stock worth $242,727,000 after purchasing an additional 1,258,324 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of GoDaddy by 2,289.5% during the second quarter. Qube Research & Technologies Ltd now owns 873,626 shares of the technology company's stock valued at $157,305,000 after acquiring an additional 837,065 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in GoDaddy by 41.1% in the 1st quarter. JPMorgan Chase & Co. now owns 2,439,905 shares of the technology company's stock valued at $439,525,000 after purchasing an additional 710,842 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company's stock.

GoDaddy Stock Performance

GDDY opened at $148.45 on Friday. The firm has a fifty day moving average price of $155.57 and a 200 day moving average price of $170.68. GoDaddy has a 1 year low of $132.51 and a 1 year high of $216.00. The stock has a market cap of $20.55 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.57 and a beta of 1.02. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64.

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

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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