GoDaddy (NYSE:GDDY) Sets New 12-Month Low – Here’s What Happened

GoDaddy Inc. (NYSE:GDDY)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $123.71 and last traded at $125.7260, with a volume of 80063 shares trading hands. The stock had previously closed at $125.19.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GDDY. UBS Group decreased their price target on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. 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. Benchmark cut their price target on GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Barclays decreased their price objective on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Citigroup reduced their target price on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $184.07.

GoDaddy Stock Down 0.1%

The stock has a fifty day moving average price of $135.85 and a 200-day moving average price of $156.88. The firm has a market cap of $16.89 billion, a PE ratio of 22.30, a PEG ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

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

Insider Buying and Selling

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $472,990.46. Following the completion of the sale, the chief financial officer owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,553 shares of company stock valued at $2,825,527 over the last ninety days. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in GoDaddy during the 2nd quarter valued at $26,000. NewSquare Capital LLC grew its stake in shares of GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of GoDaddy during the first quarter worth about $30,000. Hemington Wealth Management lifted its stake in shares of GoDaddy by 85.9% in the third quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after acquiring an additional 85 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in GoDaddy in the first quarter valued at about $36,000. 90.28% of the stock is owned by institutional investors and hedge funds.

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.