FY2025 Earnings Estimate for GoDaddy Inc. Issued By Seaport Res Ptn (NYSE:GDDY)

GoDaddy Inc. (NYSE:GDDY) – Investment analysts at Seaport Res Ptn reduced their FY2025 earnings estimates for 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 per share of $5.98 for the year, down from their prior estimate of $6.02. The consensus estimate for GoDaddy’s current full-year earnings is $4.93 per share.

GDDY has been the topic of a number of other research reports. Piper Sandler lifted their target price on shares of GoDaddy from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Morgan Stanley upped their price objective on GoDaddy from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Raymond James began coverage on GoDaddy in a research note on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 target price on the stock. Robert W. Baird upped their price target on GoDaddy from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Finally, UBS Group lifted their price objective on shares of GoDaddy from $118.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, GoDaddy presently has an average rating of “Moderate Buy” and a consensus target price of $142.73.

GoDaddy Stock Performance

Shares of GDDY opened at $131.36 on Monday. The business has a 50-day simple moving average of $120.63 and a two-hundred day simple moving average of $107.64. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 9.15. GoDaddy has a 52 week low of $68.98 and a 52 week high of $131.90. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 10.91 and a beta of 1.09.

GoDaddy (NYSE:GDDY) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new position in shares of GoDaddy during the 4th quarter worth about $4,204,000. SG Americas Securities LLC lifted its stake in GoDaddy by 644.6% in the fourth quarter. SG Americas Securities LLC now owns 149,643 shares of the technology company’s stock worth $15,886,000 after purchasing an additional 129,547 shares during the last quarter. Horrell Capital Management Inc. boosted its position in shares of GoDaddy by 41.7% during the fourth quarter. Horrell Capital Management Inc. now owns 68,000 shares of the technology company’s stock valued at $7,219,000 after buying an additional 20,000 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of GoDaddy during the fourth quarter valued at approximately $773,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of GoDaddy in the fourth quarter worth approximately $2,328,000. Institutional investors own 90.28% of the company’s stock.

Insider Transactions at GoDaddy

In related news, COO Roger Chen sold 4,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $122.60, for a total value of $490,400.00. Following the completion of the transaction, the chief operating officer now owns 200,632 shares of the company’s stock, valued at approximately $24,597,483.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other GoDaddy news, COO Roger Chen sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 200,632 shares of the company’s stock, valued at $24,597,483.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amanpal Singh Bhutani sold 59,608 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 394,423 shares of the company’s stock, valued at $43,599,518.42. The disclosure for this sale can be found here. Insiders have sold a total of 125,234 shares of company stock worth $14,025,346 in the last three months. Insiders own 0.54% of the company’s stock.

GoDaddy Company Profile

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.