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

Shares of GoDaddy Inc. (NYSE:GDDY) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $214.86.

A number of equities analysts have issued reports on GDDY shares. Royal Bank of Canada lowered their target price on GoDaddy from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Barclays dropped their price objective on shares of GoDaddy from $243.00 to $235.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. B. Riley boosted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, February 14th. UBS Group raised their price target on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Piper Sandler boosted their price objective on shares of GoDaddy from $177.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd.

GoDaddy Stock Performance

GoDaddy stock opened at $182.51 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. The stock has a market cap of $25.80 billion, a PE ratio of 28.30 and a beta of 1.13. GoDaddy has a 12-month low of $131.84 and a 12-month high of $216.00. The business’s 50-day moving average price is $177.00 and its two-hundred day moving average price is $187.84.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. GoDaddy’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.76 EPS. As a group, analysts expect that GoDaddy will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $180.66, for a total value of $90,330.00. Following the completion of the sale, the director now directly owns 22,121 shares in the company, valued at $3,996,379.86. This trade represents a 2.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark Mccaffrey sold 37,500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $180.95, for a total value of $6,785,625.00. Following the transaction, the chief financial officer now directly owns 77,250 shares in the company, valued at approximately $13,978,387.50. This trade represents a 32.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,500 shares of company stock worth $10,244,835 in the last quarter. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GoDaddy

Hedge funds and other institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in GoDaddy during the 4th quarter valued at $25,554,000. Fiduciary Alliance LLC bought a new stake in shares of GoDaddy during the fourth quarter worth about $1,045,000. Mount Yale Investment Advisors LLC raised its holdings in shares of GoDaddy by 205.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,626 shares of the technology company’s stock worth $1,110,000 after acquiring an additional 3,783 shares during the last quarter. Jones Financial Companies Lllp lifted its position in GoDaddy by 68.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,229 shares of the technology company’s stock valued at $243,000 after acquiring an additional 499 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in GoDaddy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 198,058 shares of the technology company’s stock worth $31,052,000 after purchasing an additional 6,424 shares in the last quarter. 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.