GoDaddy Inc. (NYSE:GDDY) Receives $184.07 Average Price Target from Brokerages

Shares of GoDaddy Inc. (NYSE:GDDY) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $184.0667.

A number of brokerages recently weighed in on GDDY. Citigroup cut their price target on shares of GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on GoDaddy from $222.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada dropped their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. UBS Group cut their target price on GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a report on Friday, October 31st.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, 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 transaction 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 $9,973,613.93. This represents a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $988,359.50. Following the completion of the sale, the chief executive officer directly owned 412,065 shares in the company, valued at approximately $58,599,763.65. This trade represents a 1.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 21,203 shares of company stock valued at $3,060,798. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GoDaddy

Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in shares of GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Hemington Wealth Management lifted its holdings in GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after buying an additional 85 shares during the period. Bayforest Capital Ltd purchased a new stake in GoDaddy in the 2nd quarter worth approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of GoDaddy in the 1st quarter worth approximately $27,000. Finally, NewSquare Capital LLC increased 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 buying an additional 94 shares during the period. 90.28% of the stock is owned by institutional investors.

GoDaddy Trading Down 0.8%

NYSE:GDDY opened at $131.93 on Friday. GoDaddy has a 52 week low of $125.00 and a 52 week high of $216.00. The firm has a 50-day moving average price of $137.70 and a two-hundred day moving average price of $159.47. 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 firm has a market cap of $18.27 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

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

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.