GoDaddy Inc. (NYSE:GDDY – Free Report) – Equities research analysts at B. Riley issued their FY2025 earnings per share estimates for GoDaddy in a report issued on Tuesday, June 27th. B. Riley analyst N. Khan expects that the technology company will post earnings of $5.94 per share for the year. B. Riley has a “Buy” rating and a $102.00 price objective on the stock. The consensus estimate for GoDaddy’s current earnings for the full year is $2.40 per share.
GoDaddy (NYSE:GDDY – Free Report) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.22). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. GoDaddy had a net margin of 8.03% and a negative return on equity of 95.00%. The company’s revenue during the quarter increased by 3.3% year-over-year. During the same period last year, the company posted earnings per share of $0.41.
Several other equities analysts have also recently issued reports on the company. Barclays reduced their target price on GoDaddy from $100.00 to $98.00 in a report on Friday, May 5th. Royal Bank of Canada started coverage on shares of GoDaddy in a research note on Monday, June 5th. They set a “sector perform” rating and a $80.00 price target for the company. StockNews.com began coverage on shares of GoDaddy in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Robert W. Baird began coverage on shares of GoDaddy in a report on Tuesday, April 11th. They set an “outperform” rating and a $95.00 price target for the company. Finally, Piper Sandler cut their price target on GoDaddy from $88.00 to $84.00 in a research report on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.75, according to MarketBeat .
GoDaddy Stock Performance
Shares of GDDY stock opened at $74.18 on Friday. The company’s fifty day moving average price is $73.04 and its two hundred day moving average price is $75.43. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 2.05 and a beta of 0.97. GoDaddy has a 52 week low of $64.65 and a 52 week high of $85.32.
Hedge funds weigh in on GoDaddy
Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of GoDaddy by 0.7% during the first quarter. Vanguard Group Inc. now owns 16,202,298 shares of the technology company’s stock valued at $1,356,131,000 after acquiring an additional 107,949 shares during the last quarter. Starboard Value LP raised its stake in shares of GoDaddy by 23.9% during the fourth quarter. Starboard Value LP now owns 10,233,055 shares of the technology company’s stock worth $765,637,000 after purchasing an additional 1,973,118 shares during the last quarter. BlackRock Inc. raised its holdings in shares of GoDaddy by 2.0% during the first quarter. BlackRock Inc. now owns 8,512,278 shares of the technology company’s stock valued at $661,574,000 after buying an additional 163,174 shares during the last quarter. Morgan Stanley raised its stake in shares of GoDaddy by 517.4% during the fourth quarter. Morgan Stanley now owns 6,125,512 shares of the technology company’s stock valued at $458,311,000 after buying an additional 5,133,332 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in 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. Currently, 93.73% of the shares are owned by institutional investors and hedge funds.
Insider buying and selling at GoDaddy
In related news, CEO Amanpal Singh Bhutani sold 1,987 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $77.41, for a total transaction of $153,813.67. Following the sale, the chief executive officer now directly owns 278,258 shares in the company, valued at $21,539,951.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Mark McCaffrey sold 812 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.37, for a total value of $61,200.44. Following the sale, the chief financial officer now owns 92,609 shares of the company’s stock, valued at $6,979,940.33. The sale was disclosed in a legal filing with the SEC, which can be accessed the SEC website. Also, CEO Amanpal Singh Bhutani sold 1,987 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $77.41, for a total transaction of $153,813.67. Following the completion of the transaction, the chief executive officer now directly owns 278,258 shares of the company’s stock, valued at approximately $21,539,951.78. Disclosure of this sale can be found here. Over the last quarter, insiders have sold 8,159 shares of company stock valued at $620,537. Currently, 0.54% of the shares are owned by corporate insiders.
GoDaddy Company Profile
(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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