GoDaddy Inc. (NYSE:GDDY) Receives Consensus Rating of “Moderate Buy” from Analysts

GoDaddy Inc. (NYSE:GDDY) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned 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 $166.2143.

GDDY has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research note on Wednesday, January 28th. Evercore decreased their price objective on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating for the company in a research note on Friday, October 31st. Benchmark reiterated a “buy” rating on shares of GoDaddy in a research report on Thursday, December 4th. Finally, Jefferies Financial Group decreased their target price on GoDaddy from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Monday, January 5th.

GoDaddy Stock Up 1.3%

Shares of NYSE GDDY opened at $97.38 on Monday. The business has a 50-day moving average of $116.06 and a two-hundred day moving average of $131.49. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94. GoDaddy has a 1 year low of $92.22 and a 1 year high of $214.32. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57.

Insider Transactions at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 2,397 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the transaction, the chief accounting officer directly owned 17,055 shares of the company’s stock, valued at approximately $2,190,544.20. This trade represents a 12.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark Mccaffrey sold 3,317 shares of GoDaddy stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $424,376.98. Following the completion of the transaction, the chief financial officer owned 66,816 shares in the company, valued at approximately $8,548,439.04. This represents a 4.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,615 shares of company stock worth $1,743,102. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On GoDaddy

Several institutional investors have recently added to or reduced their stakes in GDDY. Hemington Wealth Management grew its stake in shares of GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after purchasing an additional 85 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GoDaddy during the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of GoDaddy during the fourth quarter worth $25,000. Activest Wealth Management grew its position in GoDaddy by 6,600.0% in the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after buying an additional 198 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of GoDaddy during the second quarter worth about $26,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.