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

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

GoDaddy Stock Down 14.1 %

NYSE GDDY traded down $29.96 on Monday, reaching $182.58. 4,395,394 shares of the stock traded hands, compared to its average volume of 1,094,305. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. The company has a fifty day moving average price of $203.78 and a 200-day moving average price of $180.59. The company has a market cap of $25.63 billion, a price-to-earnings ratio of 14.11 and a beta of 1.15. GoDaddy has a 12 month low of $108.02 and a 12 month high of $216.00.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GDDY. Barclays increased their price target on GoDaddy from $235.00 to $243.00 and gave the company an "overweight" rating in a research note on Friday. Raymond James increased their price target on GoDaddy from $185.00 to $230.00 and gave the company a "strong-buy" rating in a research note on Tuesday, January 21st. UBS Group upped their price objective on GoDaddy from $172.00 to $225.00 and gave the company a "neutral" rating in a research report on Friday. Robert W. Baird upped their price objective on GoDaddy from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, Citigroup upped their price objective on GoDaddy from $240.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $213.20.

Insider Buying and Selling at GoDaddy

In other GoDaddy news, CAO Phontip Palitwanon sold 770 shares of GoDaddy stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total transaction of $151,412.80. Following the completion of the sale, the chief accounting officer now directly owns 23,059 shares of the company's stock, valued at $4,534,321.76. The trade was a 3.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $197.77, for a total value of $98,885.00. Following the sale, the director now directly owns 23,621 shares of the company's stock, valued at approximately $4,671,525.17. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,482 shares of company stock valued at $4,709,650 in the last ninety days. Corporate insiders own 0.61% of the company's stock.

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.