GoDaddy Inc. (NYSE:GDDY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of GoDaddy Inc. (NYSE:GDDYGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $149.92.

A number of equities analysts have issued reports on GDDY shares. Piper Sandler raised their price target on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. B. Riley raised their price target on shares of GoDaddy from $124.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Citigroup raised their price target on shares of GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. raised 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, Raymond James started coverage on shares of GoDaddy in a research note on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 price objective on the stock.

View Our Latest Stock Report on GoDaddy

Insider Activity at GoDaddy

In related news, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction on Monday, April 1st. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the sale, the chief operating officer now owns 204,632 shares of the company’s stock, valued at approximately $24,261,169.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GoDaddy news, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction on Monday, April 1st. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the sale, the chief operating officer now owns 204,632 shares of the company’s stock, valued at approximately $24,261,169.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leah Sweet sold 1,000 shares of GoDaddy stock in a transaction on Monday, June 10th. The stock was sold at an average price of $141.59, for a total transaction of $141,590.00. Following the sale, the director now directly owns 11,317 shares in the company, valued at approximately $1,602,374.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,195 shares of company stock valued at $6,237,029. 0.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On GoDaddy

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDDY. Price T Rowe Associates Inc. MD boosted its stake in GoDaddy by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company’s stock worth $433,895,000 after purchasing an additional 1,775,708 shares during the last quarter. Norges Bank purchased a new position in shares of GoDaddy during the 4th quarter worth $181,687,000. Federated Hermes Inc. raised its holdings in shares of GoDaddy by 3,402.0% during the 4th quarter. Federated Hermes Inc. now owns 955,559 shares of the technology company’s stock worth $101,442,000 after acquiring an additional 928,273 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of GoDaddy by 7,379.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 723,752 shares of the technology company’s stock worth $76,834,000 after acquiring an additional 714,075 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of GoDaddy by 71.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,664,382 shares of the technology company’s stock worth $123,963,000 after acquiring an additional 695,897 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of GoDaddy stock opened at $137.66 on Wednesday. GoDaddy has a 52 week low of $69.18 and a 52 week high of $142.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. The firm has a market capitalization of $19.64 billion, a P/E ratio of 11.43 and a beta of 1.10. The company has a 50 day moving average price of $132.90 and a 200 day moving average price of $119.13.

GoDaddy (NYSE:GDDYGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. Sell-side analysts expect that GoDaddy will post 4.82 EPS for the current year.

About GoDaddy

(Get Free Report

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.

Featured Articles

Analyst Recommendations for GoDaddy (NYSE:GDDY)

Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.