GoDaddy Inc. (NYSE:GDDY - Free Report) - Equities research analysts at Seaport Res Ptn increased their Q4 2024 EPS estimates for shares of GoDaddy in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst A. Kessler now expects that the technology company will post earnings of $1.53 per share for the quarter, up from their previous estimate of $1.47. The consensus estimate for GoDaddy's current full-year earnings is $5.07 per share. Seaport Res Ptn also issued estimates for GoDaddy's Q1 2025 earnings at $1.47 EPS, Q2 2025 earnings at $1.60 EPS, Q3 2025 earnings at $1.83 EPS, Q4 2025 earnings at $1.85 EPS and FY2025 earnings at $6.76 EPS.
Several other research firms also recently weighed in on GDDY. Benchmark increased their target price on GoDaddy from $186.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday. Piper Sandler raised their target price on shares of GoDaddy from $172.00 to $176.00 and gave the stock a "neutral" rating in a research report on Thursday. Robert W. Baird upped their price target on shares of GoDaddy from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday. Barclays lifted their price target on shares of GoDaddy from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Finally, B. Riley upped their price objective on GoDaddy from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.38.
View Our Latest Analysis on GDDY
GoDaddy Trading Down 2.1 %
Shares of GoDaddy stock traded down $3.43 during trading hours on Friday, reaching $163.37. 1,542,631 shares of the company's stock were exchanged, compared to its average volume of 1,468,071. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 12.61 and a beta of 1.12. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. GoDaddy has a 52-week low of $74.12 and a 52-week high of $171.93. The company has a fifty day moving average of $159.17 and a 200-day moving average of $146.82.
GoDaddy (NYSE:GDDY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 313.25%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The company's quarterly revenue was up 7.3% compared to the same quarter last year.
Institutional Trading of GoDaddy
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company's stock worth $1,748,603,000 after acquiring an additional 379,228 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in GoDaddy by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company's stock worth $433,895,000 after purchasing an additional 1,775,708 shares during the period. Federated Hermes Inc. increased its stake in GoDaddy by 35.6% during the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company's stock valued at $209,743,000 after purchasing an additional 394,399 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of GoDaddy by 37.7% during the second quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company's stock worth $120,305,000 after purchasing an additional 235,934 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of GoDaddy by 1.6% in the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company's stock worth $115,725,000 after buying an additional 13,206 shares during the last quarter. 90.28% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $164.16, for a total transaction of $164,160.00. Following the sale, the chief operating officer now owns 186,632 shares in the company, valued at $30,637,509.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Roger Chen sold 1,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $30,637,509.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sigal Zarmi sold 400 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $157.61, for a total value of $63,044.00. Following the sale, the director now owns 4,661 shares of the company's stock, valued at approximately $734,620.21. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,744 shares of company stock worth $4,089,571. 0.61% of the stock is currently owned by corporate insiders.
About GoDaddy
(
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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.
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