Seaport Res Ptn Estimates GoDaddy’s Q4 Earnings (NYSE:GDDY)

GoDaddy Inc. (NYSE:GDDY) – Equities researchers at Seaport Res Ptn lifted their Q4 2024 earnings per share estimates for shares of GoDaddy in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst A. Kessler now anticipates that the technology company will post earnings of $1.53 per share for the quarter, up from their prior 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.

A number of other brokerages have also recently issued reports on GDDY. Benchmark upped their price objective on shares of GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler boosted their price objective on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada raised their target price on shares of GoDaddy from $145.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price target on shares of GoDaddy in a report on Monday, October 7th. Finally, StockNews.com upgraded shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, GoDaddy presently 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. The business has a 50-day moving average of $159.17 and a 200-day moving average of $146.82. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 12.88 and a beta of 1.12. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 24.13. GoDaddy has a 12 month low of $72.14 and a 12 month high of $171.93.

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

Hedge Funds Weigh In On GoDaddy

A number of hedge funds and other institutional investors have recently modified their holdings of GDDY. Vanguard Group Inc. grew its position in shares of GoDaddy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 14,733,764 shares of the technology company’s stock worth $1,748,603,000 after buying an additional 379,228 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in GoDaddy by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,655,994 shares of the technology company’s stock valued at $433,895,000 after acquiring an additional 1,775,708 shares in the last quarter. Federated Hermes Inc. grew its holdings in GoDaddy by 35.6% in the second quarter. Federated Hermes Inc. now owns 1,501,277 shares of the technology company’s stock worth $209,743,000 after purchasing an additional 394,399 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of GoDaddy by 37.7% during the second quarter. Dimensional Fund Advisors LP now owns 861,066 shares of the technology company’s stock worth $120,305,000 after purchasing an additional 235,934 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of GoDaddy by 1.6% during the 2nd quarter. Fiera Capital Corp now owns 828,326 shares of the technology company’s stock valued at $115,725,000 after purchasing an additional 13,206 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors.

Insider Transactions at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $164.16, for a total value of $164,160.00. Following the completion of the sale, the chief operating officer now directly owns 186,632 shares of the company’s stock, valued at $30,637,509.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sigal Zarmi sold 400 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $157.61, for a total value of $63,044.00. Following the completion of the sale, the director now directly owns 4,661 shares of the company’s stock, valued at $734,620.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Roger Chen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $164.16, for a total transaction of $164,160.00. Following the transaction, the chief operating officer now directly owns 186,632 shares in the company, valued at $30,637,509.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,744 shares of company stock worth $4,089,571. 0.61% of the stock is currently owned by insiders.

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.