Brokerages Set GoDaddy Inc. (NYSE:GDDY) Price Target at $187.71

Shares of GoDaddy Inc. (NYSE:GDDY) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $187.71.

GDDY has been the subject of several research analyst reports. B. Riley boosted their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird boosted their price target on GoDaddy from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group raised their price objective on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Benchmark boosted their target price on GoDaddy from $186.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Citigroup raised their price target on shares of GoDaddy from $240.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, January 3rd.

GoDaddy Stock Performance

NYSE:GDDY opened at $196.91 on Friday. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.56 and a current ratio of 0.56. GoDaddy has a fifty-two week low of $102.60 and a fifty-two week high of $211.11. The company has a market cap of $27.64 billion, a price-to-earnings ratio of 15.22 and a beta of 1.15. The stock has a fifty day moving average price of $195.06 and a 200-day moving average price of $168.41.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. GoDaddy’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that GoDaddy will post 4.96 EPS for the current fiscal year.

Insider Activity

In related news, CEO Amanpal Singh Bhutani sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $167.79, for a total value of $503,370.00. Following the transaction, the chief executive officer now owns 345,956 shares in the company, valued at $58,047,957.24. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Sharples sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the sale, the director now directly owns 24,121 shares of the company’s stock, valued at $4,317,659. This represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,003 shares of company stock valued at $4,626,523. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GDDY. First Hawaiian Bank increased its holdings in GoDaddy by 99.6% during the 4th quarter. First Hawaiian Bank now owns 13,885 shares of the technology company’s stock worth $2,740,000 after purchasing an additional 6,929 shares in the last quarter. Range Financial Group LLC increased its stake in shares of GoDaddy by 71.0% during the 4th quarter. Range Financial Group LLC now owns 2,214 shares of the technology company’s stock worth $437,000 after purchasing an additional 919 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of GoDaddy in the fourth quarter valued at $233,000. CWA Asset Management Group LLC raised its stake in GoDaddy by 29.2% in the 4th quarter. CWA Asset Management Group LLC now owns 16,071 shares of the technology company’s stock valued at $3,172,000 after acquiring an additional 3,631 shares during the period. Finally, Pensionfund Sabic raised its position in shares of GoDaddy by 41.7% in the fourth quarter. Pensionfund Sabic now owns 8,500 shares of the technology company’s stock valued at $1,678,000 after purchasing an additional 2,500 shares during the period. 90.28% of the stock is owned by institutional investors and hedge funds.

About GoDaddy

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.