Milestone Asset Management LLC Takes Position in GoDaddy Inc. $GDDY

Milestone Asset Management LLC bought a new stake in GoDaddy Inc. (NYSE:GDDY) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,502 shares of the technology company’s stock, valued at approximately $451,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in shares of GoDaddy by 123.4% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of GoDaddy during the second quarter worth about $26,000. Park Square Financial Group LLC purchased a new position in shares of GoDaddy during the first quarter worth about $27,000. NewSquare Capital LLC grew its holdings in shares of GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of GoDaddy by 591.3% during the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after buying an additional 136 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GDDY has been the topic of a number of research reports. Raymond James Financial reissued a “strong-buy” rating on shares of GoDaddy in a report on Friday. Wells Fargo & Company lowered their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. lowered their price target on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 price target on shares of GoDaddy in a report on Friday. Finally, Citigroup lowered their price objective on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.07.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $135.17 on Wednesday. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50 day simple moving average is $138.62 and its 200-day simple moving average is $160.07. GoDaddy Inc. has a 12 month low of $125.00 and a 12 month high of $216.00.

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

Insiders Place Their Bets

In related news, CFO Mark Mccaffrey sold 3,326 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares in the company, valued at $9,973,613.93. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer owned 251,949 shares in the company, valued at approximately $36,711,488.79. This represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 20,703 shares of company stock worth $2,994,243. 0.70% of the stock is owned by insiders.

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.