GoDaddy’s (GDDY) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of GoDaddy (NYSE:GDDY) in a research note published on Friday,Weiss Ratings reports.

A number of other analysts have also recently commented on GDDY. Wells Fargo & Company reduced their price objective on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. UBS Group reduced their price objective on GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday. Raymond James Financial reduced their price objective on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Friday, August 8th. Royal Bank Of Canada reduced their price target on GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Benchmark reduced their price target on GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.07.

GoDaddy Stock Up 5.2%

GoDaddy stock opened at $133.35 on Friday. The stock has a market cap of $18.46 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. 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 has a one year low of $125.00 and a one year high of $216.00. The stock has a fifty day moving average of $139.06 and a 200 day moving average of $160.59.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.GoDaddy’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts predict that GoDaddy will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $145.71, for a total value of $145,710.00. Following the completion of the sale, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $150.00, for a total value of $900,000.00. Following the completion of the transaction, the chief executive officer directly owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. This trade represents a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,703 shares of company stock valued at $2,994,243. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds have recently made changes to their positions in the business. HighPoint Advisor Group LLC boosted its stake in GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock valued at $402,000 after buying an additional 293 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in GoDaddy by 20.9% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock valued at $17,888,000 after buying an additional 17,200 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in GoDaddy by 7.7% during the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock valued at $354,000 after buying an additional 141 shares during the last quarter. Optimist Retirement Group LLC boosted its stake in GoDaddy by 5.8% during the first quarter. Optimist Retirement Group LLC now owns 1,522 shares of the technology company’s stock valued at $274,000 after buying an additional 84 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in GoDaddy by 102.8% during the first quarter. Voya Investment Management LLC now owns 805,112 shares of the technology company’s stock valued at $145,033,000 after buying an additional 408,178 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

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.