GoDaddy (NYSE:GDDY) PT Raised to $170.00 at B. Riley

GoDaddy (NYSE:GDDY) had its price objective upped by analysts at B. Riley from $143.00 to $170.00 in a report released on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s price target suggests a potential upside of 16.98% from the stock’s current price. B. Riley also issued estimates for GoDaddy’s Q1 2025 earnings at $1.61 EPS, Q2 2025 earnings at $1.69 EPS, Q3 2025 earnings at $1.86 EPS and Q4 2025 earnings at $2.12 EPS.

A number of other research firms also recently weighed in on GDDY. Raymond James initiated coverage on GoDaddy in a report on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 target price on the stock. Citigroup raised their price objective on shares of GoDaddy from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, May 31st. UBS Group upped their target price on shares of GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of GoDaddy in a research report on Wednesday, May 1st. Finally, Morgan Stanley boosted their price objective on shares of GoDaddy from $132.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, GoDaddy currently has a consensus rating of “Moderate Buy” and an average target price of $152.25.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $145.33 on Friday. The firm’s 50-day moving average price is $138.69 and its 200-day moving average price is $122.85. GoDaddy has a 52-week low of $69.18 and a 52-week high of $146.08. The company has a market cap of $20.74 billion, a PE ratio of 12.07 and a beta of 1.14. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 9.15.

GoDaddy (NYSE:GDDY) last posted its earnings results on Thursday, May 2nd. The technology company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. As a group, analysts anticipate that GoDaddy will post 4.82 EPS for the current year.

Insider Buying and Selling

In related news, CEO Amanpal Singh Bhutani sold 4,500 shares of GoDaddy stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.79, for a total transaction of $629,055.00. Following the sale, the chief executive officer now owns 365,398 shares of the company’s stock, valued at approximately $51,078,986.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Leah Sweet sold 1,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $141.59, for a total transaction of $141,590.00. Following the completion of the transaction, the director now directly owns 11,317 shares of the company’s stock, valued at $1,602,374.03. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amanpal Singh Bhutani sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.79, for a total value of $629,055.00. Following the transaction, the chief executive officer now owns 365,398 shares of the company’s stock, valued at approximately $51,078,986.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,071 shares of company stock worth $6,875,606. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GDDY. SG Americas Securities LLC raised its stake in GoDaddy by 531.9% during the second quarter. SG Americas Securities LLC now owns 31,369 shares of the technology company’s stock valued at $4,383,000 after purchasing an additional 26,405 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of GoDaddy by 293.8% during the 2nd quarter. QRG Capital Management Inc. now owns 24,389 shares of the technology company’s stock valued at $3,407,000 after buying an additional 18,195 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of GoDaddy by 8.1% in the 2nd quarter. CHICAGO TRUST Co NA now owns 4,010 shares of the technology company’s stock valued at $560,000 after acquiring an additional 300 shares during the last quarter. Cadent Capital Advisors LLC grew its position in GoDaddy by 12.5% in the second quarter. Cadent Capital Advisors LLC now owns 4,419 shares of the technology company’s stock worth $617,000 after acquiring an additional 491 shares in the last quarter. Finally, Symmetry Partners LLC bought a new stake in GoDaddy during the second quarter worth approximately $233,000. 90.28% of the stock is currently owned by institutional investors.

GoDaddy Company Profile

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.