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

GoDaddy Inc. (NYSE:GDDY) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $213.20.

Several analysts have recently weighed in on GDDY shares. Wells Fargo & Company assumed coverage on GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. B. Riley upped their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Benchmark lifted their price objective on shares of GoDaddy from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th.

Insider Buying and Selling

In related news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $200.57, for a total transaction of $200,570.00. Following the completion of the sale, the chief operating officer now owns 183,632 shares of the company’s stock, valued at approximately $36,831,070.24. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Sharples sold 500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total value of $99,505.00. Following the completion of the transaction, the director now directly owns 23,121 shares in the company, valued at approximately $4,601,310.21. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,480 shares of company stock worth $3,816,029. 0.61% of the stock is owned by company insiders.

Institutional Trading of GoDaddy

Several large investors have recently added to or reduced their stakes in GDDY. Anchor Investment Management LLC bought a new position in shares of GoDaddy during the 3rd quarter valued at $31,000. Versant Capital Management Inc acquired a new stake in shares of GoDaddy in the fourth quarter worth about $43,000. Rakuten Securities Inc. boosted its stake in shares of GoDaddy by 311.3% during the 4th quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Friedenthal Financial acquired a new position in shares of GoDaddy during the 4th quarter valued at about $49,000. Finally, OFI Invest Asset Management bought a new position in shares of GoDaddy in the 4th quarter valued at approximately $52,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Down 0.4 %

GoDaddy stock opened at $180.72 on Friday. GoDaddy has a 52 week low of $118.39 and a 52 week high of $216.00. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 28.02 and a beta of 1.25. The company’s 50-day moving average price is $191.62 and its two-hundred day moving average price is $182.88. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. On average, analysts expect that GoDaddy will post 6.63 EPS for the current fiscal 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.