GoDaddy Inc. (NYSE:GDDY) Given Consensus Recommendation of "Moderate Buy" by Analysts

GoDaddy Inc. (NYSE:GDDY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $187.71.

A number of equities research analysts have issued reports on GDDY shares. Piper Sandler raised their target price on GoDaddy from $172.00 to $176.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Barclays lifted their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. StockNews.com cut shares of GoDaddy from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 8th. B. Riley lifted their price target on GoDaddy from $170.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on GoDaddy from $175.00 to $224.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th.

Insider Activity at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $164.16, for a total value of $164,160.00. Following the transaction, the chief operating officer now owns 186,632 shares of the company's stock, valued at approximately $30,637,509.12. This represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Phontip Palitwanon sold 770 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $151,412.80. Following the sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at approximately $4,534,321.76. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,003 shares of company stock valued at $2,835,433 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GoDaddy

Institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy in the third quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in shares of GoDaddy in the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC acquired a new position in GoDaddy in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc purchased a new position in GoDaddy during the 4th quarter worth approximately $43,000. Finally, Huntington National Bank grew its position in GoDaddy by 298.7% during the 3rd quarter. Huntington National Bank now owns 307 shares of the technology company's stock worth $48,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.

GoDaddy Stock Performance

GDDY traded up $1.48 on Friday, hitting $200.39. 842,494 shares of the company's stock were exchanged, compared to its average volume of 1,385,311. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61. The stock has a fifty day moving average of $192.89 and a two-hundred day moving average of $167.16. GoDaddy has a twelve month low of $99.90 and a twelve month high of $211.11. The firm has a market cap of $28.13 billion, a PE ratio of 15.49 and a beta of 1.15.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, research analysts anticipate that GoDaddy will post 4.96 earnings per share for the current fiscal year.

GoDaddy Company Profile

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.