GoDaddy Inc. (NYSE:GDDY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of GoDaddy Inc. (NYSE:GDDY) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $125.5714.

Several equities research analysts recently issued reports on GDDY shares. Barclays cut their price objective on GoDaddy from $200.00 to $118.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a report on Wednesday, January 28th. Wells Fargo & Company cut their price objective on GoDaddy from $145.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley cut their price objective on GoDaddy from $159.00 to $145.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Jefferies Financial Group cut their price objective on GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a report on Monday, February 23rd.

Insider Transactions at GoDaddy

In related news, CFO Mark Mccaffrey sold 17,406 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $88.99, for a total transaction of $1,548,959.94. Following the completion of the transaction, the chief financial officer directly owned 113,003 shares of the company’s stock, valued at $10,056,136.97. The trade was a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leah Sweet sold 650 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $86.86, for a total value of $56,459.00. Following the transaction, the director directly owned 11,414 shares of the company’s stock, valued at $991,420.04. The trade was a 5.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,918 shares of company stock worth $5,500,469 over the last quarter. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hemington Wealth Management grew its stake in GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in GoDaddy during the 4th quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new position in GoDaddy during the 4th quarter worth $25,000. Activest Wealth Management grew its stake in GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in GoDaddy during the 3rd quarter worth $31,000. 90.28% of the stock is owned by institutional investors and hedge funds.

GoDaddy Price Performance

NYSE:GDDY opened at $82.85 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 17.50. The company has a market capitalization of $11.05 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.72 and a beta of 0.98. GoDaddy has a 52 week low of $73.06 and a 52 week high of $193.55. The stock’s fifty day moving average is $88.75 and its two-hundred day moving average is $113.45.

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

GoDaddy Company Profile

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.