GoDaddy (NYSE:GDDY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

GoDaddy (NYSE:GDDY) announced its quarterly earnings data on Thursday. The technology company reported $1.42 earnings per share 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 Stock Performance

Shares of GDDY traded up $5.46 during mid-day trading on Thursday, reaching $212.99. 1,584,541 shares of the company’s stock were exchanged, compared to its average volume of 1,151,205. The business’s fifty day simple moving average is $204.59 and its 200-day simple moving average is $179.30. The stock has a market capitalization of $29.90 billion, a PE ratio of 16.46 and a beta of 1.15. GoDaddy has a 52-week low of $108.00 and a 52-week high of $216.00. The company has a debt-to-equity ratio of 10.61, a current ratio of 0.56 and a quick ratio of 0.56.

Insider Activity at GoDaddy

In other news, CFO Mark Mccaffrey sold 2,678 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $196.64, for a total value of $526,601.92. Following the transaction, the chief financial officer now owns 89,800 shares of the company’s stock, valued at approximately $17,658,272. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Roger Chen sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $183.80, for a total value of $183,800.00. Following the sale, the chief operating officer now directly owns 185,632 shares of the company’s stock, valued at approximately $34,119,161.60. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,483 shares of company stock worth $4,893,633 in the last 90 days. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GDDY has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on GoDaddy in a research note on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price objective (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. B. Riley lifted their price objective on shares of GoDaddy from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird increased their target price on GoDaddy from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Piper Sandler lifted their price target on GoDaddy from $172.00 to $176.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.53.

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.