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

Shares of GoDaddy Inc. (NYSE:GDDY) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $202.4286.

Several equities research analysts have commented on GDDY shares. Royal Bank Of Canada lowered their target price on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $231.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Benchmark reiterated a “buy” rating on shares of GoDaddy in a report on Monday, April 28th. Barclays reduced their price target on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Citigroup reduced their price target on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a report on Friday, August 8th.

GoDaddy Stock Up 0.7%

Shares of NYSE:GDDY opened at $146.9890 on Monday. GoDaddy has a 52 week low of $132.51 and a 52 week high of $216.00. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $20.35 billion, a PE ratio of 26.25, a PEG ratio of 1.58 and a beta of 1.08. The company has a 50 day moving average price of $164.23 and a two-hundred day moving average price of $175.26.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, August 7th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.34 by $0.07. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly 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. Analysts forecast that GoDaddy will post 6.63 earnings per share for the current year.

Insider Buying and Selling at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 6,932 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $179.81, for a total transaction of $1,246,442.92. Following the completion of the transaction, the chief executive officer owned 431,015 shares in the company, valued at approximately $77,500,807.15. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $169.59, for a total transaction of $169,590.00. Following the transaction, the chief operating officer owned 253,949 shares of the company’s stock, valued at $43,067,210.91. The trade was a 0.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,881 shares of company stock worth $5,869,390. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP Paribas lifted its stake in GoDaddy by 2.9% in the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company’s stock valued at $417,000 after acquiring an additional 59 shares during the last quarter. City Holding Co. grew its position in shares of GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company’s stock valued at $47,000 after acquiring an additional 60 shares during the period. Equitable Trust Co. grew its position in shares of GoDaddy by 1.0% in the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock valued at $1,199,000 after acquiring an additional 64 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in shares of GoDaddy by 0.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company’s stock worth $1,435,000 after buying an additional 67 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after buying an additional 67 shares during the last quarter. 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.