Seaport Res Ptn Has Bullish Estimate for GoDaddy Q4 Earnings

GoDaddy Inc. (NYSE:GDDY) – Investment analysts at Seaport Res Ptn upped their Q4 2024 earnings per share estimates for shares of GoDaddy in a report released on Thursday, October 31st. Seaport Res Ptn analyst A. Kessler now forecasts that the technology company will post earnings of $1.53 per share for the quarter, up from their previous estimate of $1.47. The consensus estimate for GoDaddy’s current full-year earnings is $5.07 per share. Seaport Res Ptn also issued estimates for GoDaddy’s Q1 2025 earnings at $1.47 EPS, Q2 2025 earnings at $1.60 EPS, Q3 2025 earnings at $1.83 EPS, Q4 2025 earnings at $1.85 EPS and FY2025 earnings at $6.76 EPS.

Other research analysts have also recently issued research reports about the stock. Benchmark lifted their target price on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. B. Riley increased their target price on GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Barclays increased their price objective on shares of GoDaddy from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada boosted their target price on shares of GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $170.23.

GoDaddy Stock Up 3.1 %

Shares of NYSE GDDY opened at $166.68 on Friday. GoDaddy has a 52-week low of $72.14 and a 52-week high of $171.93. The stock has a market cap of $23.50 billion, a PE ratio of 12.88 and a beta of 1.12. The business has a fifty day moving average of $159.17 and a two-hundred day moving average of $146.82. The company has a debt-to-equity ratio of 24.13, a quick ratio of 0.48 and a current ratio of 0.48.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. GoDaddy had a return on equity of 313.25% and a net margin of 41.74%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share.

Insider Buying and Selling at GoDaddy

In related news, CAO Nick Daddario sold 684 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $157.23, for a total transaction of $107,545.32. Following the completion of the sale, the chief accounting officer now directly owns 17,704 shares in the company, valued at $2,783,599.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $152.17, for a total transaction of $152,170.00. Following the sale, the chief operating officer now owns 187,632 shares in the company, valued at $28,551,961.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Nick Daddario sold 684 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $157.23, for a total value of $107,545.32. Following the completion of the transaction, the chief accounting officer now owns 17,704 shares of the company’s stock, valued at $2,783,599.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,744 shares of company stock worth $4,089,571 over the last three months. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On GoDaddy

Institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in GoDaddy during the 2nd quarter worth about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of GoDaddy during the third quarter worth $30,000. ORG Partners LLC bought a new position in GoDaddy during the second quarter worth $32,000. International Assets Investment Management LLC bought a new stake in GoDaddy during the second quarter valued at $36,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of GoDaddy during the 1st quarter valued at about $45,000. 90.28% of the stock is owned by institutional investors.

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.