GoDaddy Inc. (NYSE:GDDY) Receives $181.14 Average Price Target from Analysts

Shares of GoDaddy Inc. (NYSE:GDDY) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $181.1429.

A number of research firms have recently weighed in on GDDY. Benchmark cut their price target on GoDaddy from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Evercore ISI cut their price objective on shares of GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of GoDaddy in a research report on Friday, October 31st. Piper Sandler set a $182.00 price target on shares of GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Morgan Stanley set a $159.00 price objective on shares of GoDaddy in a research note on Friday, October 31st.

GoDaddy Stock Up 0.6%

GDDY stock opened at $127.86 on Wednesday. The company has a 50 day moving average of $132.28 and a two-hundred day moving average of $153.24. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.36 and a beta of 0.96. GoDaddy has a 12-month low of $121.94 and a 12-month high of $216.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33.

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

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 406,065 shares of the company’s stock, valued at approximately $60,909,750. This trade represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,553 shares of company stock worth $2,825,527 in the last 90 days. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GDDY. Vanguard Group Inc. grew its holdings in GoDaddy by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,912,182 shares of the technology company’s stock valued at $2,587,754,000 after buying an additional 150,045 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of GoDaddy by 2.2% in the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after acquiring an additional 81,623 shares during the period. WCM Investment Management LLC boosted its position in shares of GoDaddy by 1.8% in the third quarter. WCM Investment Management LLC now owns 3,736,821 shares of the technology company’s stock valued at $529,395,000 after acquiring an additional 66,144 shares during the period. Ameriprise Financial Inc. grew its stake in shares of GoDaddy by 47.0% in the third quarter. Ameriprise Financial Inc. now owns 3,532,548 shares of the technology company’s stock worth $483,360,000 after acquiring an additional 1,128,646 shares during the last quarter. Finally, Invesco Ltd. increased its position in GoDaddy by 13.8% during the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock worth $597,317,000 after acquiring an additional 401,918 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

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.