GoDaddy Inc. (NYSE:GDDY) Given Consensus Rating of "Moderate Buy" by Brokerages

GoDaddy Inc. (NYSE:GDDY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $210.73.

Several research firms have commented on GDDY. Citigroup increased their target price on shares of GoDaddy from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on GoDaddy from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Barclays lifted their price target on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Piper Sandler upped their price objective on GoDaddy from $176.00 to $177.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Finally, Benchmark upped their price target on GoDaddy from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 13th.

Insider Activity

In other news, Director Brian Sharples sold 500 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $207.70, for a total transaction of $103,850.00. Following the completion of the sale, the director now owns 22,621 shares in the company, valued at $4,698,381.70. The trade was a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $989,175.00. Following the transaction, the chief financial officer now owns 115,375 shares in the company, valued at $20,750,193.75. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,000 shares of company stock valued at $3,518,150. 0.61% of the stock is owned by insiders.

Institutional Trading of GoDaddy

A number of institutional investors have recently bought and sold shares of the business. Quent Capital LLC boosted its stake in shares of GoDaddy by 4.4% in the fourth quarter. Quent Capital LLC now owns 1,259 shares of the technology company's stock valued at $248,000 after buying an additional 53 shares during the period. Advisors Capital Management LLC increased its stake in shares of GoDaddy by 0.9% in the 4th quarter. Advisors Capital Management LLC now owns 6,197 shares of the technology company's stock valued at $1,223,000 after purchasing an additional 55 shares during the last quarter. BNP Paribas raised its stake in GoDaddy by 2.9% during the fourth quarter. BNP Paribas now owns 2,111 shares of the technology company's stock worth $417,000 after acquiring an additional 59 shares in the last quarter. City Holding Co. boosted its stake in shares of GoDaddy by 30.0% in the 1st quarter. City Holding Co. now owns 260 shares of the technology company's stock valued at $47,000 after purchasing an additional 60 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its position in GoDaddy by 4.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,433 shares of the technology company's stock worth $283,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 90.28% of the company's stock.

GoDaddy Stock Performance

GDDY traded down $0.65 on Tuesday, hitting $171.55. 1,166,177 shares of the company's stock were exchanged, compared to its average volume of 1,466,370. The company has a current ratio of 0.72, a quick ratio of 0.56 and a debt-to-equity ratio of 5.46. The stock has a fifty day moving average of $177.13 and a two-hundred day moving average of $186.15. The firm has a market cap of $24.25 billion, a PE ratio of 26.60 and a beta of 1.19. GoDaddy has a twelve month low of $120.23 and a twelve month high of $216.00.

GoDaddy (NYSE:GDDY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. On average, research 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.