GoDaddy Inc. Expected to Earn FY2025 Earnings of $5.98 Per Share (NYSE:GDDY)

GoDaddy Inc. (NYSE:GDDY) – Research analysts at Seaport Res Ptn cut their FY2025 earnings per share estimates for shares of GoDaddy in a research report issued to clients and investors on Thursday, May 2nd. Seaport Res Ptn analyst A. Kessler now expects that the technology company will post earnings of $5.98 per share for the year, down from their previous forecast of $6.02. The consensus estimate for GoDaddy’s current full-year earnings is $4.93 per share.

GoDaddy (NYSE:GDDY) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. GoDaddy had a net margin of 40.38% and a negative return on equity of 102.82%.

Other equities analysts also recently issued research reports about the company. Raymond James assumed coverage on GoDaddy in a research report on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 price objective for the company. Piper Sandler upped their price target on shares of GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Barclays raised their price objective on shares of GoDaddy from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Finally, UBS Group raised their price target on shares of GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, GoDaddy currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.73.

GoDaddy Stock Down 0.6 %

Shares of GDDY opened at $123.64 on Monday. The business’s 50 day simple moving average is $119.99 and its 200-day simple moving average is $106.87. GoDaddy has a one year low of $67.43 and a one year high of $127.99. The company has a market capitalization of $17.62 billion, a P/E ratio of 10.27 and a beta of 1.09. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47.

Insider Activity

In related news, COO Roger Chen sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $122.60, for a total value of $490,400.00. Following the completion of the sale, the chief operating officer now owns 200,632 shares in the company, valued at $24,597,483.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other GoDaddy news, CEO Amanpal Singh Bhutani sold 59,608 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $110.54, for a total value of $6,589,068.32. Following the sale, the chief executive officer now directly owns 394,423 shares in the company, valued at $43,599,518.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Roger Chen sold 4,000 shares of GoDaddy stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $122.60, for a total transaction of $490,400.00. Following the transaction, the chief operating officer now directly owns 200,632 shares in the company, valued at $24,597,483.20. The disclosure for this sale can be found here. Insiders have sold a total of 125,234 shares of company stock valued at $14,025,346 in the last 90 days. 0.54% of the stock is owned by company insiders.

Institutional Trading of GoDaddy

Several hedge funds have recently added to or reduced their stakes in the business. Gulf International Bank UK Ltd increased its holdings in shares of GoDaddy by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 12,030 shares of the technology company’s stock worth $1,427,000 after acquiring an additional 113 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of GoDaddy by 3.9% in the 1st quarter. Sivia Capital Partners LLC now owns 3,023 shares of the technology company’s stock valued at $359,000 after purchasing an additional 113 shares during the period. Ingalls & Snyder LLC increased its stake in GoDaddy by 0.3% during the 4th quarter. Ingalls & Snyder LLC now owns 41,923 shares of the technology company’s stock worth $4,451,000 after purchasing an additional 120 shares in the last quarter. GAMMA Investing LLC raised its holdings in GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 133 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in GoDaddy by 7.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,940 shares of the technology company’s stock valued at $144,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

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.