GoDaddy (GDDY) Scheduled to Post Quarterly Earnings on Thursday

GoDaddy (NYSE:GDDY - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.97 per share for the quarter. GoDaddy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, analysts expect GoDaddy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

GoDaddy Stock Up 0.3 %

Shares of GDDY stock traded up $0.31 during trading hours on Thursday, hitting $124.14. 1,299,641 shares of the company were exchanged, compared to its average volume of 1,457,017. The business has a 50 day moving average of $118.20 and a two-hundred day moving average of $104.29. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 61.07. GoDaddy has a 52 week low of $67.43 and a 52 week high of $127.15. The company has a market capitalization of $17.69 billion, a PE ratio of 12.90 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GDDY shares. Raymond James started coverage on shares of GoDaddy in a research report on Wednesday, March 27th. They set a "strong-buy" rating and a $150.00 price objective for the company. Evercore ISI downgraded shares of GoDaddy from an "outperform" rating to an "in-line" rating and increased their price objective for the stock from $100.00 to $110.00 in a research report on Wednesday, February 14th. Benchmark reissued a "buy" rating and set a $150.00 price objective on shares of GoDaddy in a research report on Thursday, March 7th. B. Riley increased their price objective on shares of GoDaddy from $124.00 to $142.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Finally, Barclays increased their price objective on shares of GoDaddy from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.18.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total value of $75,397.92. Following the completion of the transaction, the chief financial officer now owns 116,328 shares of the company's stock, valued at approximately $14,055,912.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total value of $75,397.92. Following the completion of the transaction, the chief financial officer now owns 116,328 shares of the company's stock, valued at approximately $14,055,912.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $114.11, for a total transaction of $456,440.00. Following the completion of the transaction, the chief operating officer now directly owns 208,632 shares of the company's stock, valued at approximately $23,806,997.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,234 shares of company stock valued at $13,534,946. Corporate insiders own 0.54% of the company's stock.

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.