GoDaddy Inc. (NYSE:GDDY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of GoDaddy Inc. (NYSE:GDDY) have earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $166.2143.

GDDY has been the topic of a number of analyst reports. Citigroup decreased their price objective on GoDaddy from $214.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Raymond James Financial reiterated a “strong-buy” rating on shares of GoDaddy in a report on Friday, October 31st. Cantor Fitzgerald reduced their price objective on shares of GoDaddy from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. UBS Group decreased their target price on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a report on Wednesday, January 28th.

Insider Buying and Selling

In other news, CEO Amanpal Singh Bhutani sold 6,932 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $886,880.08. Following the transaction, the chief executive officer directly owned 399,133 shares in the company, valued at $51,065,076.02. This represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Phontip Palitwanon sold 2,397 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $128.44, for a total transaction of $307,870.68. Following the completion of the sale, the chief accounting officer directly owned 17,055 shares in the company, valued at $2,190,544.20. This represents a 12.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,615 shares of company stock worth $1,743,102. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On GoDaddy

Hedge funds have recently made changes to their positions in the stock. Hemington Wealth Management increased its holdings in shares of GoDaddy by 85.9% during the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock worth $25,000 after buying an additional 85 shares during the last quarter. Coldstream Capital Management Inc. grew its position in GoDaddy by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,887 shares of the technology company’s stock valued at $258,000 after acquiring an additional 86 shares during the period. Penserra Capital Management LLC grew its position in GoDaddy by 14.0% during the second quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock valued at $134,000 after acquiring an additional 92 shares during the period. NewSquare Capital LLC increased its stake in GoDaddy by 170.9% during the second quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. Finally, MAI Capital Management raised its holdings in shares of GoDaddy by 9.7% in the 2nd quarter. MAI Capital Management now owns 1,127 shares of the technology company’s stock worth $203,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Price Performance

Shares of NYSE:GDDY opened at $97.38 on Monday. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94. The company has a debt-to-equity ratio of 41.06, a current ratio of 0.57 and a quick ratio of 0.57. The business’s 50 day simple moving average is $116.06 and its 200-day simple moving average is $131.49. GoDaddy has a 12 month low of $92.22 and a 12 month high of $214.32.

GoDaddy Company Profile

GoDaddy is a technology company that provides a suite of online services aimed primarily at small businesses, entrepreneurs and individuals looking to establish and grow an online presence. The company’s core activities include domain name registration and aftermarket services, a range of website hosting options, and tools for building, managing and promoting websites. Its product mix is designed to simplify the technical aspects of running a website so customers can focus on their businesses.

Product and service offerings span website builders and managed WordPress hosting, shared and dedicated hosting, e-commerce capabilities, email and productivity solutions, SSL certificates and site security tools, and online marketing and search engine optimization services.