GoDaddy (NYSE:GDDY) Trading Up 4.5% – Still a Buy?

GoDaddy Inc. (NYSE:GDDY) shares rose 4.5% on Friday . The stock traded as high as $92.50 and last traded at $91.5580. 77,052 shares changed hands during trading, a decline of 97% from the average session volume of 2,292,140 shares. The stock had previously closed at $87.62.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Commentary highlighted that GoDaddy may be undervalued after its recent selloff, with some analysts pointing to a possible rebound if sentiment improves. GoDaddy (NYSE:GDDY) Looks Mispriced After Its Steep Drop
• Positive Sentiment: GoDaddy’s launch of a developer platform was viewed as a strategic move that could support long-term growth and improve the company’s product ecosystem. GoDaddy (GDDY) Launches Developer Platform As Fair Value Narrative Stays In Focus
• Neutral Sentiment: Investors are also watching GoDaddy’s upcoming Q2 2026 earnings report, with expectations for revenue and earnings growth but no clear signal of a likely beat yet. GoDaddy (GDDY) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Multiple law firms, including Kaplan Fox and Rosen Law Firm, announced investigations into possible securities-law violations and alleged misleading business disclosures, which can weigh on the stock due to legal and reputational risk. Kaplan Fox & Kilsheimer LLP Alerts Investors of GoDaddy Inc. (NYSE: GDDY) to an Ongoing Investigation of Possible Securities Law Violations

Analysts Set New Price Targets

GDDY has been the subject of several analyst reports. Benchmark decreased their price objective on GoDaddy from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c-)” rating on shares of GoDaddy in a research note on Tuesday, June 16th. UBS Group started coverage on GoDaddy in a report on Tuesday, May 5th. They set a “neutral” rating and a $100.00 target price on the stock. Wells Fargo & Company lifted their price target on GoDaddy from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on GoDaddy from $154.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.43.

GoDaddy Trading Up 5.1%

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. The company’s 50-day moving average is $85.91 and its 200 day moving average is $89.45. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. GoDaddy had a net margin of 17.32% and a return on equity of 366.90%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $1.51 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Research analysts predict that GoDaddy Inc. will post 7.15 EPS for the current year.

Insiders Place Their Bets

In other GoDaddy news, Director Sigal Zarmi sold 350 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $87.84, for a total transaction of $30,744.00. Following the transaction, the director owned 5,708 shares in the company, valued at approximately $501,390.72. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Mccaffrey sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.86, for a total value of $355,665.88. Following the completion of the sale, the chief financial officer directly owned 109,228 shares in the company, valued at approximately $9,815,228.08. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 16,751 shares of company stock worth $1,480,228 in the last 90 days. 0.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GDDY. Norges Bank acquired a new stake in shares of GoDaddy in the fourth quarter valued at about $250,020,000. AQR Capital Management LLC increased its stake in shares of GoDaddy by 117.5% during the fourth quarter. AQR Capital Management LLC now owns 2,989,931 shares of the technology company’s stock worth $370,991,000 after purchasing an additional 1,615,005 shares in the last quarter. Two Sigma Investments LP raised its position in shares of GoDaddy by 99.7% during the 3rd quarter. Two Sigma Investments LP now owns 1,631,100 shares of the technology company’s stock worth $223,183,000 after purchasing an additional 814,360 shares during the last quarter. Swedbank AB raised its position in shares of GoDaddy by 433.9% during the 4th quarter. Swedbank AB now owns 645,754 shares of the technology company’s stock worth $80,125,000 after purchasing an additional 524,811 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in GoDaddy by 67.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,256,998 shares of the technology company’s stock valued at $155,968,000 after buying an additional 504,374 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

About GoDaddy

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.