GoDaddy Inc. (NYSE:GDDY) Receives Consensus Rating of "Moderate Buy" from Analysts

GoDaddy Inc. (NYSE:GDDY - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $213.20.

Several analysts recently weighed in on GDDY shares. Citigroup increased their target price on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. StockNews.com downgraded shares of GoDaddy from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Piper Sandler increased their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 14th. B. Riley boosted their price objective on shares of GoDaddy from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Raymond James increased their target price on shares of GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st.

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Insider Activity at GoDaddy

In other GoDaddy news, Director Brian Sharples sold 500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $99,505.00. Following the sale, the director now owns 23,121 shares of the company's stock, valued at $4,601,310.21. This represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the sale, the chief financial officer now owns 84,300 shares of the company's stock, valued at $16,776,543. The trade was a 6.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,480 shares of company stock valued at $3,816,029 in the last ninety days. Insiders own 0.61% of the company's stock.

Institutional Trading of GoDaddy

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in GoDaddy by 6.0% during the 4th quarter. California State Teachers Retirement System now owns 233,188 shares of the technology company's stock worth $46,024,000 after buying an additional 13,206 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of GoDaddy by 4.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,184 shares of the technology company's stock valued at $1,023,000 after acquiring an additional 240 shares during the period. Siemens Fonds Invest GmbH lifted its stake in shares of GoDaddy by 1,842.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 29,159 shares of the technology company's stock valued at $5,499,000 after acquiring an additional 27,658 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in GoDaddy in the fourth quarter worth about $244,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in GoDaddy during the 4th quarter worth about $25,582,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Stock Performance

Shares of NYSE:GDDY traded up $0.50 during trading on Friday, reaching $184.00. The stock had a trading volume of 1,787,331 shares, compared to its average volume of 1,341,259. The stock has a fifty day simple moving average of $191.17 and a two-hundred day simple moving average of $183.53. The company has a quick ratio of 0.56, a current ratio of 0.72 and a debt-to-equity ratio of 5.46. GoDaddy has a 52 week low of $118.39 and a 52 week high of $216.00. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 28.53 and a beta of 1.25.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.01). GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. As a group, analysts anticipate that GoDaddy will post 6.63 earnings per share for the current fiscal year.

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.