open_in_newOriginal article
Brokerages Set GoDaddy Inc. (NYSE:GDDY) Target Price at $213.20

Brokerages Set GoDaddy Inc. (NYSE:GDDY) Target Price at $213.20

  • 24.03.2025 05:33
  • etfdailynews.com
  • Keywords: High Risk

Brokerages set GoDaddy Inc.'s target price at $213.20, with an average "Moderate Buy" rating. Insiders sold shares, but institutional investors increased their holdings. The stock recently dropped 0.1% and has a market cap of $25.51 billion.

Meta ReportsMeta Products

Estimated market influence

Context

Analysis of GoDaddy Inc. (NYSE:GDDY)

Brokerage Target Prices

  • Average target price: $213.20
  • Analyst recommendations: 9 Buys, 6 Holds, 1 Strong Buy
  • Recent upgrades:
    • UBS Group raised target from $172 to $225 (neutral rating)
    • Benchmark increased target from $200 to $230 (buy rating)
    • B. Riley boosted target from $220 to $225 (buy rating)
    • Jefferies increased target from $170 to $200 (buy rating)
    • Royal Bank of Canada restated "outperform" with $230 target

Insider Activity

  • CFO: Sold 5,500 shares at $199.01, total transaction: $1,094,555
  • COO: Sold 1,000 shares at $174.21, total transaction: $174,210
  • Total insider sales in last three months: 19,480 shares worth $3,816,029
  • Insider ownership: 0.61%

Institutional Investors

  • Institutional ownership: 90.28%
  • Recent activity:
    • Anchor Investment Management: New stake ($31,000)
    • Versant Capital Management: New stake ($43,000)
    • Rakuten Securities: Increased holdings by 311.3% (now owns $43,000 worth of stock)
    • Friedenthal Financial: New position ($49,000)
    • OFI Invest Asset Management: New position ($52,000)

Stock Performance

  • Current price: $180.49 (down 0.1%)
  • Moving averages:
    • 50-day: $191.37
    • 200-day: $183.32
  • 52-week range: $118.39 – $216.00
  • Market cap: $25.51 billion
  • Financial metrics:
    • PE ratio: 27.98
    • Beta: 1.25
    • Debt-to-equity ratio: 5.46
    • Quick ratio: 0.56
    • Current ratio: 0.72

Earnings Results

  • Q4 FY:
    • EPS: $1.42 (vs. consensus estimate of $1.43)
    • Revenue: $1.19 billion (met consensus)
    • Return on equity: 176.06%
    • Net margin: 20.49%
  • Analyst expectations:
    • FY EPS: 6.63

Company Profile

  • Segments: Applications and Commerce, Core Platform
  • Applications and Commerce:
    • Websites + Marketing (mobile-optimized website builder)
    • Managed WordPress (streamlined WordPress sites)
    • Managed WooCommerce Stores (e-commerce solutions)
    • Marketing tools: GoDaddy Studio, SEO, Meta/Google My Business, email/social media marketing
  • Core Platform:
    • Hosting and security solutions

Market Implications

  • Analyst sentiment: Positive with upward revisions in target prices suggest potential upside.
  • Insider activity: Mixed signals from insider sales, but limited impact due to small ownership stake.
  • Institutional support: Strong institutional ownership (90.28%) indicates confidence in long-term growth.
  • Competitive dynamics: GoDaddy faces competition in the cloud-based services market, but its diversified product portfolio and strong financial performance provide a competitive edge.
  • Strategic considerations: Focus on innovation in cloud-based products and expansion of e-commerce solutions could drive future growth.
  • Long-term effects: The company’s ability to maintain margins and adapt to evolving tech trends will determine long-term success.

Regulatory Impact

  • Potential regulatory scrutiny in the tech sector, particularly around data privacy and antitrust issues, could impact GoDaddy’s operations.