UBS Group Cuts GoDaddy (NYSE:GDDY) Price Target to $145.00

GoDaddy (NYSE:GDDY) had its price objective cut by UBS Group from $160.00 to $145.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

GDDY has been the topic of several other research reports. Piper Sandler set a $182.00 price target on GoDaddy and gave the company an “overweight” rating in a research note on Friday, August 8th. Benchmark dropped their price target on GoDaddy from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada lowered their target price on GoDaddy from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Citigroup lowered their target price on GoDaddy from $234.00 to $214.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Morgan Stanley set a $159.00 target price on GoDaddy in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and an average price target of $184.07.

GoDaddy Stock Up 5.2%

GoDaddy stock opened at $133.35 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50-day simple moving average is $139.06 and its two-hundred day simple moving average is $160.59. The company has a market cap of $18.46 billion, a PE ratio of 23.81, a PEG ratio of 1.36 and a beta of 0.98. GoDaddy has a fifty-two week low of $125.00 and a fifty-two week high of $216.00.

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, beating the consensus estimate of $1.50 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that GoDaddy will post 6.63 EPS for the current year.

Insider Activity at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 777 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total transaction of $110,497.17. Following the transaction, the chief accounting officer owned 20,421 shares in the company, valued at approximately $2,904,070.41. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value 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 represents a 0.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Hedge Funds Weigh In On GoDaddy

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in GoDaddy by 3.5% during the second quarter. Vanguard Group Inc. now owns 18,762,137 shares of the technology company’s stock worth $3,378,310,000 after purchasing an additional 627,923 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of GoDaddy by 2.2% during 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 last quarter. WCM Investment Management LLC raised its holdings in shares of GoDaddy by 5.7% during the second quarter. WCM Investment Management LLC now owns 3,670,677 shares of the technology company’s stock valued at $660,979,000 after acquiring an additional 199,459 shares during the last quarter. Invesco Ltd. raised its holdings in shares of GoDaddy by 13.8% during the first quarter. Invesco Ltd. now owns 3,315,848 shares of the technology company’s stock valued at $597,317,000 after acquiring an additional 401,918 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of GoDaddy by 13.4% during the first quarter. Wellington Management Group LLP now owns 3,147,646 shares of the technology company’s stock valued at $567,017,000 after acquiring an additional 371,188 shares during the last quarter. Hedge funds and other 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.