Evercore ISI Cuts GoDaddy (NYSE:GDDY) Price Target to $145.00

GoDaddy (NYSE:GDDY) had its price objective reduced by Evercore ISI from $180.00 to $145.00 in a research note published on Friday morning, MarketBeat Ratings reports. They currently have an in-line rating on the technology company’s stock.

A number of other equities analysts have also issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Raymond James Financial reduced their target price on shares of GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating for the company in a report on Friday, August 8th. UBS Group lowered their price target on shares of GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Barclays cut their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, Piper Sandler set a $182.00 price objective on GoDaddy and gave the company an “overweight” rating in a report on Friday, August 8th. One 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.07.

GoDaddy Stock Performance

Shares of GDDY stock opened at $133.35 on Friday. The firm has a market capitalization of $18.46 billion, a price-to-earnings 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 current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average of $139.06 and a 200 day moving average of $160.59. GoDaddy has a 1 year low of $125.00 and a 1 year high of $216.00.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $1.32 earnings per share. The company’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. As a group, research analysts expect that GoDaddy will post 6.63 earnings per share for the current year.

Insider Activity at GoDaddy

In other news, COO Roger Chen sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $145.71, for a total transaction of $145,710.00. Following the transaction, the chief operating officer owned 251,949 shares in the company, valued at $36,711,488.79. This trade represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Phontip Palitwanon sold 777 shares of GoDaddy stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $110,497.17. Following the completion of the sale, the chief accounting officer directly owned 20,421 shares in the company, valued at $2,904,070.41. This represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,703 shares of company stock valued at $2,994,243 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Institutional Trading of GoDaddy

Several institutional investors have recently modified their holdings of GDDY. Cornerstone Planning Group LLC raised its position in shares of GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Hemington Wealth Management increased its stake in GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after buying an additional 85 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in GoDaddy during the 2nd quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of GoDaddy during the first quarter valued at approximately $27,000. Finally, NewSquare Capital LLC lifted its position in shares of GoDaddy by 170.9% in the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds 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.