GoDaddy (NYSE:GDDY) Sets New 12-Month Low - Here's Why

Key Points

• GoDaddy Inc. shares hit a new 52-week low at $130.92 amidst varying analyst ratings and target price adjustments.
• Recent earnings results showed GoDaddy reported $1.41 EPS, exceeding estimates and marking an 8.3% revenue increase compared to the previous year.
• Insider selling activity has increased with directors and executives offloading over 28,203 shares valued at approximately $4.2 million in recent months.

GoDaddy Inc. (NYSE:GDDY - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $130.92 and last traded at $131.74, with a volume of 376732 shares traded. The stock had previously closed at $133.80.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on GoDaddy from $234.00 to $214.00 and set a "buy" rating for the company in a report on Friday, August 8th. UBS Group dropped their target price on GoDaddy from $215.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an "overweight" rating in a report on Friday, August 8th. Barclays dropped their target price on GoDaddy from $235.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial dropped their target price on GoDaddy from $225.00 to $175.00 and set a "strong-buy" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $199.00.

GoDaddy Stock Performance

The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 1.47 and a beta of 0.98. The stock has a 50 day moving average of $144.08 and a 200 day moving average of $165.65. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

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, beating analysts' consensus estimates of $1.34 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity

In other GoDaddy news, Director Leah Sweet sold 650 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total transaction of $91,741.00. Following the completion of the transaction, the director owned 12,064 shares of the company's stock, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Mccaffrey sold 3,326 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the transaction, the chief financial officer directly owned 70,133 shares of the company's stock, valued at approximately $9,973,613.93. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,203 shares of company stock valued at $4,200,828. Corporate insiders own 0.70% of the company's stock.

Institutional Trading of GoDaddy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of GoDaddy by 3.5% during the second quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company's stock worth $3,378,310,000 after purchasing an additional 627,923 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of GoDaddy by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company's stock worth $677,726,000 after purchasing an additional 81,623 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of GoDaddy by 5.7% during the second quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company's stock worth $660,979,000 after purchasing an additional 199,459 shares during the last quarter. Invesco Ltd. grew its holdings in shares of GoDaddy by 13.8% during the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company's stock worth $597,317,000 after purchasing an additional 401,918 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of GoDaddy by 13.4% during the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company's stock worth $567,017,000 after purchasing an additional 371,188 shares during the last quarter. 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.

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