GoDaddy (NYSE:GDDY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

GoDaddy (NYSE:GDDY - Get Free Report) released its quarterly earnings results on Thursday. The technology company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.01), Zacks reports. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

GoDaddy Stock Performance

Shares of GoDaddy stock traded down $29.96 during trading hours on Monday, reaching $182.58. The company's stock had a trading volume of 4,395,394 shares, compared to its average volume of 1,094,305. The company's 50 day simple moving average is $203.78 and its 200 day simple moving average is $180.59. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy has a one year low of $108.02 and a one year high of $216.00. The stock has a market cap of $25.63 billion, a P/E ratio of 14.11 and a beta of 1.15.

Insider Transactions at GoDaddy

In related news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $103,850.00. Following the sale, the director now directly owns 22,621 shares in the company, valued at $4,698,381.70. This trade represents a 2.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $207.35, for a total transaction of $207,350.00. Following the completion of the sale, the chief operating officer now owns 184,632 shares in the company, valued at approximately $38,283,445.20. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,482 shares of company stock worth $4,709,650. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GDDY has been the subject of a number of recent analyst reports. StockNews.com lowered shares of GoDaddy from a "buy" rating to a "hold" rating in a report on Monday. Barclays raised their price target on shares of GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a report on Friday. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price objective (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. UBS Group increased their price objective on shares of GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Citigroup increased their price objective on shares of GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, GoDaddy presently has an average rating of "Moderate Buy" and a consensus price target of $213.20.

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.