GoDaddy Inc. (NYSE:GDDY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

GoDaddy Inc. (NYSE:GDDY) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $199.00.

Several research firms recently weighed in on GDDY. Raymond James Financial reduced their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a research report on Saturday, September 27th. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the stock an “overweight” rating in a research note on Friday, August 8th. Barclays dropped their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company decreased their target price on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the sale, the chief executive officer directly owned 406,065 shares in the company, valued at approximately $60,909,750. The trade was a 1.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at approximately $2,904,070.41. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,203 shares of company stock worth $4,200,828 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GoDaddy

Institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its holdings in shares of GoDaddy by 123.4% in the first 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 period. Bayforest Capital Ltd bought a new position in GoDaddy in the 2nd quarter worth about $26,000. NewSquare Capital LLC grew its holdings in GoDaddy by 170.9% during the 2nd 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. Park Square Financial Group LLC purchased a new position in GoDaddy during the 1st quarter valued at about $27,000. Finally, Private Trust Co. NA increased its position in shares of GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

GDDY stock opened at $137.26 on Tuesday. The business has a 50 day moving average of $145.81 and a 200-day moving average of $166.43. The firm has a market cap of $19.00 billion, a PE ratio of 24.51, a P/E/G ratio of 1.46 and a beta of 0.98. GoDaddy has a 12-month low of $131.29 and a 12-month high of $216.00. 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) last posted 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 return on equity of 189.42% and a net margin of 17.01%.The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s 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. As a group, sell-side analysts expect that GoDaddy will post 6.63 earnings per share for the current year.

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.