GoDaddy Inc. (GDDY) – What Are Brokerages Saying About This Stock?

GoDaddy Inc. (NYSE:GDDY) has received a consensus recommendation of “Hold” from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $113.62.

A number of equities research analysts recently commented on the stock. Wedbush decreased their target price on shares of GoDaddy from $109.00 to $93.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Raymond James Financial lowered GoDaddy from a “strong-buy” rating to an “outperform” rating and set a $100.00 price objective for the company. in a report on Friday, July 31st. Cantor Fitzgerald raised their price objective on GoDaddy from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, October 19th. Citigroup boosted their target price on GoDaddy from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Finally, Robert W. Baird upped their target price on GoDaddy from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, September 25th.

GoDaddy Price Performance

Shares of GDDY stock opened at $113.40 on Wednesday. GoDaddy has a 1-year low of $71.59 and a 1-year high of $133.34. The stock’s 50-day moving average is $103.90 and its 200 day moving average is $92.47. The company has a market cap of $13.75 billion, a P/E ratio of 15.51 and a beta of 0.94. The company has a debt-to-equity ratio of 561.10, a current ratio of 0.61 and a quick ratio of 0.61.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.18. GoDaddy had a net margin of 18.56% and a return on equity of 1,200.87%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.51 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Research analysts predict that GoDaddy will post 7.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GoDaddy news, Director Sigal Zarmi sold 350 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.44, for a total value of $34,104.00. Following the completion of the transaction, the director owned 8,283 shares of the company’s stock, valued at approximately $807,095.52. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Amanpal Bhutani sold 4,500 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $117.80, for a total value of $530,100.00. Following the completion of the transaction, the chief executive officer owned 495,553 shares of the company’s stock, valued at $58,376,143.40. This trade represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 29,742 shares of company stock valued at $3,055,425. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GoDaddy

A number of large investors have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in GoDaddy in the 2nd quarter worth approximately $28,938,000. Bank of America Corp DE increased its stake in shares of GoDaddy by 27.9% in the first quarter. Bank of America Corp DE now owns 1,383,615 shares of the technology company’s stock worth $114,383,000 after acquiring an additional 302,126 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of GoDaddy by 1,218.1% in the first quarter. Rice Hall James & Associates LLC now owns 319,453 shares of the technology company’s stock worth $26,409,000 after acquiring an additional 295,218 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of GoDaddy during the second quarter worth $24,929,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of GoDaddy by 32.2% during the third quarter. Russell Investments Group Ltd. now owns 1,020,714 shares of the technology company’s stock worth $97,322,000 after purchasing an additional 248,694 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

GoDaddy Company Profile

GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.