B. Riley Has Negative Estimate for GoDaddy Q1 Earnings

GoDaddy Inc. (NYSE:GDDY - Free Report) - B. Riley lowered their Q1 2025 earnings estimates for GoDaddy in a report issued on Friday, January 17th. B. Riley analyst N. Khan now forecasts that the technology company will post earnings of $1.67 per share for the quarter, down from their previous estimate of $1.68. B. Riley currently has a "Buy" rating and a $190.00 target price on the stock. The consensus estimate for GoDaddy's current full-year earnings is $4.96 per share. B. Riley also issued estimates for GoDaddy's Q2 2025 earnings at $1.73 EPS.

GDDY has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of GoDaddy from $175.00 to $224.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Morgan Stanley upped their target price on shares of GoDaddy from $189.00 to $227.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Barclays lifted their price target on GoDaddy from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. StockNews.com downgraded GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group lifted their target price on GoDaddy from $170.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $194.14.

GoDaddy Price Performance

Shares of GDDY traded up $0.04 during mid-day trading on Monday, hitting $200.89. 1,308,296 shares of the stock were exchanged, compared to its average volume of 824,890. The firm has a 50-day moving average of $199.16 and a two-hundred day moving average of $171.78. GoDaddy has a 52-week low of $106.32 and a 52-week high of $211.11. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $28.20 billion, a PE ratio of 15.52 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share.

Insider Activity at GoDaddy

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $167.79, for a total value of $503,370.00. Following the completion of the sale, the chief executive officer now directly owns 345,956 shares of the company's stock, valued at $58,047,957.24. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $183.80, for a total transaction of $183,800.00. Following the transaction, the chief operating officer now directly owns 185,632 shares in the company, valued at $34,119,161.60. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,483 shares of company stock worth $4,759,553. Company insiders own 0.61% of the company's stock.

Institutional Trading of GoDaddy

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of GoDaddy in the 3rd quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in GoDaddy in the third quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in GoDaddy in the third quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in shares of GoDaddy during the fourth quarter valued at about $43,000. Finally, Huntington National Bank boosted its holdings in shares of GoDaddy by 298.7% in the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock valued at $48,000 after buying an additional 230 shares in 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.