GoDaddy (NYSE:GDDY) Sets New 52-Week Low – What’s Next?

GoDaddy Inc. (NYSE:GDDY)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $130.92 and last traded at $131.74, with a volume of 376732 shares trading hands. The stock had previously closed at $133.80.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of recent research reports. UBS Group cut their price objective on GoDaddy from $215.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Piper Sandler set a $182.00 price target on GoDaddy and gave the stock an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of GoDaddy in a report on Wednesday. Barclays lowered their price target 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 lowered their price target on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average price target of $199.00.

GoDaddy Stock Down 2.4%

The firm has a market capitalization of $18.08 billion, a PE ratio of 23.33, a PEG ratio of 1.42 and a beta of 0.98. The company has a fifty day moving average price of $143.57 and a 200-day moving average price of $165.16. 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 issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.07. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Buying and Selling at GoDaddy

In related news, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the sale, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction on Wednesday, September 3rd. The shares were 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. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,203 shares of company stock worth $4,200,828. Company insiders own 0.70% of the company’s stock.

Institutional Trading of GoDaddy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Equitable Trust Co. raised its holdings in GoDaddy by 1.0% during the 1st quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock valued at $1,199,000 after buying an additional 64 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in GoDaddy by 0.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,967 shares of the technology company’s stock valued at $1,435,000 after buying an additional 67 shares during the period. CX Institutional raised its holdings in GoDaddy by 13.1% during the 2nd quarter. CX Institutional now owns 577 shares of the technology company’s stock valued at $104,000 after buying an additional 67 shares during the period. Allworth Financial LP raised its holdings in GoDaddy by 4.9% during the 1st quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock valued at $284,000 after buying an additional 73 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors 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.