GoDaddy Inc. (NYSE:GDDY) Given Average Rating of “Moderate Buy” by Analysts

GoDaddy Inc. (NYSE:GDDYGet Free Report) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $120.5714.

GDDY has been the subject of a number of research reports. Barclays decreased their price objective on shares of GoDaddy from $200.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Wells Fargo & Company lifted their price objective on shares of GoDaddy from $77.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of GoDaddy from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GoDaddy in a report on Wednesday, January 28th. Finally, Benchmark decreased their price objective on shares of GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, April 28th.

Check Out Our Latest Stock Analysis on GoDaddy

Insider Buying and Selling at GoDaddy

In other GoDaddy news, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $86.86, for a total value of $56,459.00. Following the completion of the transaction, the director owned 11,414 shares of the company’s stock, valued at $991,420.04. The trade was a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Phontip Palitwanon sold 1,310 shares of GoDaddy stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $90.15, for a total transaction of $118,096.50. Following the completion of the transaction, the chief accounting officer directly owned 20,349 shares of the company’s stock, valued at approximately $1,834,462.35. This represents a 6.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 61,946 shares of company stock worth $5,502,965. Company insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On GoDaddy

Hedge funds and other institutional investors have recently modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of GoDaddy during the fourth quarter valued at $25,000. Activest Wealth Management boosted its holdings in shares of GoDaddy by 6,600.0% during the fourth quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock valued at $25,000 after acquiring an additional 198 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of GoDaddy during the fourth quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of GoDaddy during the third quarter valued at $31,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of GoDaddy by 145.6% during the third quarter. Brown Brothers Harriman & Co. now owns 253 shares of the technology company’s stock valued at $35,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Down 1.9%

Shares of NYSE:GDDY opened at $88.76 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 15.86. The company has a fifty day simple moving average of $85.12 and a 200 day simple moving average of $101.89. The firm has a market cap of $11.75 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.81 and a beta of 0.92. GoDaddy has a 12-month low of $73.06 and a 12-month high of $184.71.

GoDaddy (NYSE:GDDYGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 earnings per share. On average, equities research analysts anticipate that GoDaddy will post 7.17 EPS for the current fiscal year.

About GoDaddy

(Get Free Report)

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.

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Analyst Recommendations for GoDaddy (NYSE:GDDY)

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