FY2025 EPS estimates for GoDaddy Inc. (NYSE:GDDY) rose by B. Riley

GoDaddy Inc. (NYSE:GDDY – Free Report) – Research analysts at B. Riley upped their FY2025 EPS estimates for shares of GoDaddy in a report issued on Thursday, November 30th. B. Riley analyst N. Khan now expects that the technology company will post earnings per share of $6.90 for the year, up from their previous forecast of $6.64. B. Riley presently has a “Buy” rating and a $115.00 target price on the stock. The consensus estimate for GoDaddy’s current earnings for the full year is $3.14 per share. B. Riley also issued estimates for GoDaddy’s FY2026 earnings at $8.87 and FY2027 earnings at $11.25.

GoDaddy (NYSE:GDDY – Get Your Free Report ) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.18. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. GoDaddy had a net margin of 8.45% and a negative return on equity of 63.92%.

GDDY has been the subject of several other reports. Royal Bank of Canada raised shares of GoDaddy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $124.00 in a research report on Wednesday, November 22nd. Piper Sandler boosted their price objective on shares of GoDaddy from $84.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Robert W. Baird boosted their price objective on shares of GoDaddy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. UBS Group began coverage on shares of GoDaddy in a research report on Friday, September 22nd. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Oppenheimer assumed coverage on shares of GoDaddy in a research report on Tuesday, October 17th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Moderate Buy” and an average target price of $101.91, according to MarketBeat.com data.

Read our latest research report on GDDY

GoDaddy Stock Performance

GoDaddy stock opened at $102.01 on Monday. GoDaddy has a one year low of $67.43 and a one year high of $102.39. The company has a market cap of $14.4 billion, a P/E ratio of 43.78 and a beta of 1.04. The firm’s fifty day moving average is $81.80 and its two hundred day moving average is $76.48.

Hedge funds weigh in on GoDaddy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its holdings in shares of GoDaddy by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 4,934,195 shares of the technology company’s stock worth $383,486,000 after purchasing an additional 85,212 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of GoDaddy by 15.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,349 shares of the technology company’s stock worth $1,078,000 after buying an additional 1,926 shares during the last quarter. Vinva Investment Management Ltd bought a new stake in shares of GoDaddy during the first quarter worth about $939,000. Teacher Retirement System of Texas raised its holdings in shares of GoDaddy by 106.6% during the second quarter. Teacher Retirement System of Texas now owns 113,327 shares of the technology company’s stock worth $8,514,000 after buying an additional 58,473 shares during the last quarter. Finally, Alaska Permanent Fund Corp bought a new stake in shares of GoDaddy during the second quarter worth about $1,492,000. Institutional investors and hedge funds own 95.03% of the company’s shares.

Featured activity at GoDaddy

In related news, CAO Nick Daddario sold 300 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $89.26, for a total value of $26,778.00. Following the completion of the sale, the chief accounting officer now owns 18,196 shares in the company, valued at $1,624,174.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via the SEC website. In related news, CAO Nick Daddario sold 300 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $89.26, for a total value of $26,778.00. Following the completion of the sale, the chief accounting officer now owns 18,196 shares in the company, valued at $1,624,174.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via the SEC website. Also, CFO Mark McCaffrey sold 812 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $73.57, for a total transaction of $59,738.84. Following the completion of the sale, the chief financial officer now owns 81,927 shares of the company’s stock, valued at approximately $6,027,369.39. Disclosure of this sale can be found here. Insiders sold 116,817 shares of company stock worth $9,736,042 over the last 90 days. Company experts own 0.54% of the company’s stock.

About GoDaddy

(Get a free report)

GoDaddy Inc is engaged in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce and Basic Platform. The Applications and Commerce segment offers application products, including Websites + Marketing, a mobile-optimized online tool that enables customers to create e-commerce-enabled websites and online stores; and Managed WordPress, a streamlined and optimized hosting platform that enables customers to build and manage a WordPress site faster and more securely and is offered with WooCommerce for selling online; and marketing tools and services, such as the GoDaddy Studio mobile app, search engine optimization, Meta and Google My Business listings, and email and social media marketing designed to help businesses acquire and attract customers and create content.

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