GoDaddy Inc. (NYSE:GDDY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

GoDaddy Inc. (NYSE:GDDY) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $149.92.

Several equities research analysts have issued reports on the stock. UBS Group lifted their price target on shares of GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Barclays boosted their price objective on shares of GoDaddy from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of GoDaddy in a research note on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of GoDaddy from $136.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Finally, Evercore ISI boosted their price objective on shares of GoDaddy from $110.00 to $135.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 2,500 shares of GoDaddy stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief executive officer now owns 384,323 shares of the company’s stock, valued at approximately $46,118,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the sale, the chief executive officer now owns 384,323 shares of the company’s stock, valued at approximately $46,118,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Mccaffrey sold 624 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total transaction of $75,397.92. Following the completion of the sale, the chief financial officer now directly owns 116,328 shares of the company’s stock, valued at approximately $14,055,912.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,695 shares of company stock valued at $6,537,029. Company insiders own 0.61% of the company’s stock.

Institutional Trading of GoDaddy

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in shares of GoDaddy during the 4th quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 133 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of GoDaddy during the 4th quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of GoDaddy by 140.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after acquiring an additional 205 shares during the period. Finally, New Covenant Trust Company N.A. bought a new stake in shares of GoDaddy during the 1st quarter worth approximately $45,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Down 0.7 %

Shares of GDDY stock opened at $137.01 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15. GoDaddy has a 1 year low of $69.18 and a 1 year high of $142.95. The firm’s fifty day moving average price is $132.15 and its two-hundred day moving average price is $118.41. The firm has a market capitalization of $19.55 billion, a P/E ratio of 11.38 and a beta of 1.10.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.08. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, equities analysts predict that GoDaddy will post 4.82 EPS for the current fiscal year.

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.