GoDaddy Inc. (NYSE:GDDY) Given Average Rating of "Moderate Buy" by Analysts

Shares of GoDaddy Inc. (NYSE:GDDY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $171.38.

Several research firms have recently weighed in on GDDY. B. Riley increased 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. Robert W. Baird increased their target price on GoDaddy from $190.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Royal Bank of Canada raised their target price on GoDaddy from $175.00 to $190.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Barclays upped their price target 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. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $170.00 price objective on shares of GoDaddy in a report on Monday, October 7th.

GoDaddy Stock Performance

NYSE GDDY traded down $2.37 during trading hours on Friday, hitting $182.92. The company's stock had a trading volume of 1,354,914 shares, compared to its average volume of 1,462,919. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $25.68 billion, a P/E ratio of 14.14 and a beta of 1.11. The company's 50 day simple moving average is $162.76 and its two-hundred day simple moving average is $151.01. GoDaddy has a 12 month low of $91.68 and a 12 month high of $190.21.

GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 EPS for the quarter, topping 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 net margin of 41.74% and a return on equity of 267.29%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, sell-side analysts expect that GoDaddy will post 4.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other GoDaddy news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, November 11th. The shares were sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares in the company, valued at approximately $4,317,659. The trade was a 2.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $166.91, for a total transaction of $500,730.00. Following the transaction, the chief executive officer now directly owns 358,773 shares of the company's stock, valued at $59,882,801.43. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,844 shares of company stock worth $4,619,397. Corporate insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On GoDaddy

Several large investors have recently made changes to their positions in GDDY. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in GoDaddy by 0.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,097 shares of the technology company's stock valued at $2,837,000 after buying an additional 67 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of GoDaddy by 4.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,885 shares of the technology company's stock valued at $296,000 after acquiring an additional 73 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of GoDaddy by 4.3% in the second quarter. Whittier Trust Co. now owns 1,781 shares of the technology company's stock valued at $249,000 after purchasing an additional 74 shares in the last quarter. Lindbrook Capital LLC increased its position in GoDaddy by 11.3% in the third quarter. Lindbrook Capital LLC now owns 974 shares of the technology company's stock worth $153,000 after purchasing an additional 99 shares during the last quarter. Finally, Equitable Trust Co. raised its stake in GoDaddy by 1.3% during the third quarter. Equitable Trust Co. now owns 8,435 shares of the technology company's stock valued at $1,322,000 after purchasing an additional 107 shares in the last quarter. 90.28% of the stock is owned by institutional investors.

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.