Analysts Set GoDaddy Inc. (NYSE:GDDY) Target Price at $202.43

GoDaddy Inc. (NYSE:GDDY) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat 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 target among brokerages that have issued a report on the stock in the last year is $202.4286.

Several research analysts have commented on GDDY shares. Raymond James Financial decreased their target price on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen downgraded shares of GoDaddy from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price target on shares of GoDaddy from $198.00 to $157.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Finally, Benchmark reiterated a “buy” rating on shares of GoDaddy in a research note on Monday, April 28th.

GoDaddy Trading Up 1.2%

Shares of NYSE GDDY opened at $146.4170 on Monday. GoDaddy has a 12-month low of $132.51 and a 12-month high of $216.00. The company has a market cap of $20.27 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. 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’s 50 day simple moving average is $165.43 and its 200 day simple moving average is $176.16.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that GoDaddy will post 6.63 EPS for the current year.

Insiders Place Their Bets

In related news, Director Leah Sweet sold 650 shares of the firm’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 $1,702,712.96. This trade represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark Mccaffrey sold 625 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $177.08, for a total transaction of $110,675.00. Following the completion of the sale, the chief financial officer owned 73,459 shares in the company, valued at approximately $13,008,119.72. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,881 shares of company stock valued at $5,869,390. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC grew its holdings in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Bayforest Capital Ltd purchased a new position in GoDaddy in the 2nd quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in GoDaddy during the 1st quarter worth about $27,000. NewSquare Capital LLC lifted its stake in GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds 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.