Royal Bank Of Canada Cuts GoDaddy (NYSE:GDDY) Price Target to $100.00

GoDaddy (NYSE:GDDY) had its price target decreased by Royal Bank Of Canada from $200.00 to $100.00 in a report released on Wednesday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Benchmark dropped their price target on shares of GoDaddy from $240.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GoDaddy in a research report on Wednesday, January 28th. Wells Fargo & Company reduced their target price on shares of GoDaddy from $145.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group dropped their price target on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Evercore dropped their target price on GoDaddy from $180.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.93.

GoDaddy Stock Up 0.9%

Shares of GDDY opened at $86.97 on Wednesday. The company has a market capitalization of $11.75 billion, a P/E ratio of 13.96, a PEG ratio of 0.79 and a beta of 0.94. GoDaddy has a one year low of $73.06 and a one year high of $193.55. The business’s 50 day simple moving average is $104.84 and its 200-day simple moving average is $124.90. The company has a debt-to-equity ratio of 17.50, a current ratio of 0.61 and a quick ratio of 0.57.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.22. GoDaddy had a return on equity of 369.00% and a net margin of 17.67%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts predict that GoDaddy will post 6.63 EPS for the current fiscal year.

Insider Transactions at GoDaddy

In other news, CEO Amanpal Singh Bhutani sold 6,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total transaction of $886,880.08. Following the completion of the sale, the chief executive officer owned 399,133 shares in the company, valued at $51,065,076.02. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Mark Mccaffrey sold 3,317 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $127.94, for a total value of $424,376.98. Following the transaction, the chief financial officer owned 66,816 shares in the company, valued at approximately $8,548,439.04. This trade represents a 4.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,615 shares of company stock worth $1,743,102. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently modified their holdings of GDDY. Sivia Capital Partners LLC grew its stake in shares of GoDaddy by 90.3% in the second quarter. Sivia Capital Partners LLC now owns 3,271 shares of the technology company’s stock valued at $589,000 after acquiring an additional 1,552 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in GoDaddy by 18.5% during the second quarter. Focus Partners Advisor Solutions LLC now owns 1,712 shares of the technology company’s stock worth $308,000 after buying an additional 267 shares in the last quarter. Brighton Jones LLC bought a new position in GoDaddy during the 2nd quarter worth $586,000. Transcend Capital Advisors LLC acquired a new position in GoDaddy in the 2nd quarter valued at $220,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of GoDaddy by 20.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,344 shares of the technology company’s stock valued at $17,888,000 after acquiring an additional 17,200 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

Key Headlines Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Benchmark kept a Buy rating and set a $210 price target, signaling at least one major analyst still sees material upside vs. current levels. Benchmark Cuts GoDaddy Price Target
• Neutral Sentiment: Citigroup lowered its target from $195 to $110 but maintained a Buy — a notable downgrade in expectations but not in conviction. Citigroup price target note
• Neutral Sentiment: Barclays trimmed its price target to $118 while keeping an Overweight rating, another mixed signal (lower PT but still constructive). Barclays price target cut
• Negative Sentiment: Multiple sell‑side targets were cut sharply (Wells Fargo $77, UBS $105, Cantor Fitzgerald $90, RBC $100), adding downward pressure on sentiment and indicating lowered earnings/valuation expectations. Wells Fargo PT to $77 UBS PT to $105 Cantor PT $90 RBC PT $100
• Negative Sentiment: Several law firms have launched securities‑fraud investigations into GoDaddy related to the Feb. 24 results, creating legal overhang and potential disclosure/legal costs that increase near‑term risk. Glancy Prongay Wolke & Rotter investigation Frank R. Cruz investigation
• Negative Sentiment: Media coverage flagged that the stock hit a two‑year low and “gapped down” after analyst downgrades and earnings‑related concerns, underscoring weak investor sentiment following the quarter. InsiderMonkey: two‑year low Shares gap down article

About GoDaddy

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.