JPMorgan Chase & Co. Issues Pessimistic Forecast for GoDaddy (NYSE:GDDY) Stock Price

GoDaddy (NYSE:GDDY) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $222.00 to $200.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 49.98% from the company’s previous close.

GDDY has been the topic of several other reports. UBS Group reduced their target price on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday. B. Riley reduced their target price on GoDaddy from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank Of Canada reduced their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 target price on shares of GoDaddy in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.07.

GoDaddy Trading Up 5.2%

GDDY stock opened at $133.35 on Friday. GoDaddy has a 1-year low of $125.00 and a 1-year high of $216.00. The firm has a market cap of $18.46 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.36 and a beta of 0.98. The business’s 50 day moving average is $139.06 and its 200-day moving average is $160.67. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that GoDaddy will post 6.63 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 777 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the sale, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $150.00, for a total transaction of $900,000.00. Following the sale, the chief executive officer owned 406,065 shares of the company’s stock, valued at $60,909,750. The trade was a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 20,703 shares of company stock worth $2,994,243. 0.70% of the stock is owned by company insiders.

Institutional Trading of GoDaddy

Several institutional investors and hedge funds have recently made changes to their positions in GDDY. Cambridge Investment Research Advisors Inc. raised its position in shares of GoDaddy by 7.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,356 shares of the technology company’s stock valued at $424,000 after acquiring an additional 160 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of GoDaddy by 53.9% during the 1st quarter. Vontobel Holding Ltd. now owns 6,171 shares of the technology company’s stock valued at $1,112,000 after acquiring an additional 2,162 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of GoDaddy by 1.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,869 shares of the technology company’s stock valued at $3,399,000 after buying an additional 322 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of GoDaddy by 7.7% in the 1st quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock valued at $354,000 after buying an additional 141 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of GoDaddy by 591.3% in the 1st 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 in the last quarter. Institutional investors own 90.28% 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.