GoDaddy (NYSE:GDDY) Announces Earnings Results, Misses Expectations By $0.01 EPS

GoDaddy (NYSE:GDDY) announced its earnings results on Thursday. The technology company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01), Zacks reports. GoDaddy had a net margin of 41.74% and a return on equity of 267.29%. GoDaddy updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

GoDaddy Trading Down 14.1 %

NYSE GDDY opened at $182.58 on Friday. The business’s 50-day moving average price is $204.20 and its two-hundred day moving average price is $179.81. GoDaddy has a 12 month low of $108.02 and a 12 month high of $216.00. The firm has a market capitalization of $25.63 billion, a PE ratio of 14.11 and a beta of 1.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 10.61.

Analyst Upgrades and Downgrades

GDDY has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on GoDaddy from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research note on Wednesday, December 4th. Barclays boosted their price target on GoDaddy from $235.00 to $243.00 and gave the company an “overweight” rating in a research note on Friday. B. Riley boosted their price target on GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. Finally, Benchmark boosted their price target on GoDaddy from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, GoDaddy presently has a consensus rating of “Moderate Buy” and an average target price of $213.20.

Insider Buying and Selling at GoDaddy

In related news, COO Roger Chen sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $207.35, for a total transaction of $207,350.00. Following the sale, the chief operating officer now owns 184,632 shares in the company, valued at $38,283,445.20. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amanpal Singh Bhutani sold 3,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $207.70, for a total value of $623,100.00. Following the sale, the chief executive officer now owns 330,153 shares in the company, valued at approximately $68,572,778.10. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,482 shares of company stock worth $4,709,650. Insiders own 0.61% of the company’s stock.

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.