UBS Group Has Lowered Expectations for GoDaddy (NYSE:GDDY) Stock Price

GoDaddy (NYSE:GDDY) had its target price reduced by research analysts at UBS Group from $160.00 to $145.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. UBS Group’s price objective points to a potential upside of 8.73% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Morgan Stanley set a $159.00 price objective on shares of GoDaddy in a research note on Friday. Cantor Fitzgerald restated a “neutral” rating and set a $150.00 price objective on shares of GoDaddy in a research note on Friday. Royal Bank Of Canada reduced their price objective on shares of GoDaddy from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Citigroup reduced their price objective on shares of GoDaddy from $234.00 to $214.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Barclays reduced their price objective on shares of GoDaddy from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $184.07.

GoDaddy Price Performance

Shares of NYSE GDDY opened at $133.35 on Friday. The firm has a market cap of $18.46 billion, a PE ratio of 23.81, a PEG ratio of 1.36 and a beta of 0.98. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 9.33. GoDaddy has a 1-year low of $125.00 and a 1-year high of $216.00. The company has a fifty day moving average price of $139.06 and a 200 day moving average price of $160.67.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that GoDaddy will post 6.63 earnings per share for the current fiscal year.

Insider Activity at GoDaddy

In other news, Director Leah Sweet sold 650 shares of GoDaddy stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $141.14, for a total transaction of $91,741.00. Following the completion of the transaction, the director directly owned 12,064 shares in the company, valued at approximately $1,702,712.96. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $472,990.46. Following the transaction, the chief financial officer owned 70,133 shares of the company’s stock, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,703 shares of company stock worth $2,994,243 in the last three months. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On GoDaddy

Several hedge funds have recently bought and sold shares of the stock. Equitable Trust Co. lifted its position in GoDaddy by 1.0% during the first quarter. Equitable Trust Co. now owns 6,657 shares of the technology company’s stock worth $1,199,000 after acquiring an additional 64 shares during the last quarter. CX Institutional lifted its position in GoDaddy by 13.1% during the second quarter. CX Institutional now owns 577 shares of the technology company’s stock worth $104,000 after acquiring an additional 67 shares during the last quarter. Allworth Financial LP lifted its position in GoDaddy by 4.9% during the first quarter. Allworth Financial LP now owns 1,575 shares of the technology company’s stock worth $284,000 after acquiring an additional 73 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in GoDaddy by 123.4% during the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Finally, MAI Capital Management lifted its position in GoDaddy by 8.7% during the first quarter. MAI Capital Management now owns 1,027 shares of the technology company’s stock worth $185,000 after acquiring an additional 82 shares during the last quarter. 90.28% of the stock is currently 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.