GoDaddy Inc. (NYSE:GDDY - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $135.18.
Several equities research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of GoDaddy from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, March 25th. StockNews.com upgraded GoDaddy from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 14th. Raymond James initiated coverage on GoDaddy in a report on Wednesday, March 27th. They set a "strong-buy" rating and a $150.00 target price for the company. UBS Group upped their price target on shares of GoDaddy from $110.00 to $118.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Finally, Barclays boosted their price objective on shares of GoDaddy from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, February 20th.
Read Our Latest Analysis on GDDY
GoDaddy Trading Up 0.1 %
Shares of GoDaddy stock opened at $125.12 on Tuesday. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47. The business has a fifty day simple moving average of $119.06 and a two-hundred day simple moving average of $105.53. GoDaddy has a 1 year low of $67.43 and a 1 year high of $127.15. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 13.06 and a beta of 1.12.
GoDaddy (NYSE:GDDY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. Research analysts forecast that GoDaddy will post 4.76 EPS for the current year.
Insider Activity at GoDaddy
In other GoDaddy news, CAO Nick Daddario sold 1,823 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $110.54, for a total transaction of $201,514.42. Following the completion of the sale, the chief accounting officer now directly owns 25,263 shares in the company, valued at $2,792,572.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Nick Daddario sold 1,823 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $110.54, for a total value of $201,514.42. Following the completion of the transaction, the chief accounting officer now owns 25,263 shares of the company's stock, valued at $2,792,572.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Mccaffrey sold 624 shares of GoDaddy stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $120.83, for a total transaction of $75,397.92. Following the sale, the chief financial officer now directly owns 116,328 shares in the company, valued at $14,055,912.24. The disclosure for this sale can be found here. Insiders have sold 121,234 shares of company stock valued at $13,534,946 over the last three months. 0.54% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Gulf International Bank UK Ltd grew its holdings in GoDaddy by 0.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 12,030 shares of the technology company's stock worth $1,427,000 after acquiring an additional 113 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in GoDaddy by 3.9% in the first quarter. Sivia Capital Partners LLC now owns 3,023 shares of the technology company's stock valued at $359,000 after purchasing an additional 113 shares during the period. Ingalls & Snyder LLC raised its position in GoDaddy by 0.3% during the 4th quarter. Ingalls & Snyder LLC now owns 41,923 shares of the technology company's stock worth $4,451,000 after purchasing an additional 120 shares during the last quarter. GAMMA Investing LLC lifted its holdings in GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company's stock worth $31,000 after buying an additional 133 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of GoDaddy by 7.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,940 shares of the technology company's stock valued at $144,000 after buying an additional 137 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.
GoDaddy Company Profile
(Get Free Report
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.
Read More
- Five stocks we like better than GoDaddy
- How to Buy Cheap Stocks Step by Step
- Can Disney Stock Triple Before 2030?
- Comparing and Trading High PE Ratio Stocks
- The 3 Hottest Insiders Buys This Month
- REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
→ Elon’s New A.I. Device is About to Shock the World (From InvestorPlace) (Ad)
Should you invest $1,000 in GoDaddy right now?
Before you consider GoDaddy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GoDaddy wasn't on the list.
While GoDaddy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
10 "Recession Proof" Stocks That Will Thrive in Any Market
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
