GoDaddy Inc. (NYSE:GDDY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $129.32 and last traded at $130.21, with a volume of 1290922 shares traded. The stock had previously closed at $132.27.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target 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. UBS Group dropped their price target on shares of GoDaddy from $215.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 30th. Barclays lowered 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. 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 lowered 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 research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $199.00.
Check Out Our Latest Stock Report on GDDY
GoDaddy Stock Down 1.6%
The company's 50 day moving average price is $142.14 and its two-hundred day moving average price is $164.25. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. The stock has a market cap of $18.03 billion, a P/E ratio of 23.25, a PEG ratio of 1.42 and a beta of 0.98.
GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share 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 firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business'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. Equities analysts forecast that GoDaddy Inc. will post 6.63 earnings per share for the current year.
Insider Transactions at GoDaddy
In related news, CEO Amanpal Singh Bhutani sold 6,950 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $988,359.50. Following the completion of the sale, the chief executive officer directly owned 412,065 shares of the company's stock, valued at approximately $58,599,763.65. This represents a 1.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the completion of the sale, the chief operating officer directly owned 251,949 shares of the company's stock, valued at $36,711,488.79. This represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,203 shares of company stock worth $4,031,238. 0.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On GoDaddy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. Fifth Third Bancorp increased its holdings in GoDaddy by 90.7% in the 1st quarter. Fifth Third Bancorp now owns 1,894 shares of the technology company's stock worth $341,000 after acquiring an additional 901 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in GoDaddy by 13.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company's stock worth $1,060,000 after acquiring an additional 699 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in GoDaddy by 99.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 3,432 shares of the technology company's stock worth $618,000 after acquiring an additional 1,710 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in GoDaddy during the 1st quarter valued at approximately $291,000. Finally, Sagespring Wealth Partners LLC grew its holdings in GoDaddy by 15.6% during the 1st quarter. Sagespring Wealth Partners LLC now owns 2,405 shares of the technology company's stock valued at $433,000 after buying an additional 325 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.
About GoDaddy
(
Get Free Report)
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.
Further Reading
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