Several equities analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on GoDaddy from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 7th. Citigroup dropped their price objective on GoDaddy from $260.00 to $234.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Piper Sandler raised their price objective on GoDaddy from $177.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. UBS Group raised their price objective on GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Benchmark reaffirmed a “buy” rating on shares of GoDaddy in a research note on Monday, April 28th.

View Our Latest Stock Analysis on GDDY

GDDY opened at $182.93 on Wednesday. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The business has a 50 day simple moving average of $179.39 and a 200-day simple moving average of $189.38. The stock has a market capitalization of $26.07 billion, a P/E ratio of 28.36 and a beta of 1.13. GoDaddy has a 12 month low of $135.73 and a 12 month high of $216.00.

GoDaddy (NYSE:GDDY – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. GoDaddy had a net margin of 20.49% and a return on equity of 176.06%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.76 earnings per share. On average, equities analysts anticipate that GoDaddy will post 6.63 earnings per share for the current fiscal year.

In other news, CFO Mark Mccaffrey sold 37,500 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $180.95, for a total transaction of $6,785,625.00. Following the sale, the chief financial officer now owns 77,250 shares in the company, valued at $13,978,387.50. This trade represents a 32.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $179.85, for a total value of $539,550.00. Following the sale, the chief executive officer now owns 443,947 shares in the company, valued at $79,843,867.95. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,459 shares of company stock worth $12,214,374 over the last quarter. 0.61% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDDY. Cornerstone Planning Group LLC boosted its holdings in GoDaddy by 123.4% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Park Square Financial Group LLC acquired a new position in GoDaddy in the first quarter valued at $27,000. Private Trust Co. NA boosted its holdings in GoDaddy by 591.3% in the first quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in GoDaddy in the first quarter valued at $30,000. Finally, Banque Transatlantique SA acquired a new position in GoDaddy in the first quarter valued at $36,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

(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.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.