Barclays Has Lowered Expectations for GoDaddy (NYSE:GDDY) Stock Price

GoDaddy (NYSE:GDDY) had its price target lowered by research analysts at Barclays from $200.00 to $118.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price suggests a potential upside of 35.68% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company decreased their price target on GoDaddy from $145.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Raymond James Financial restated a “strong-buy” rating and issued a $100.00 price target on shares of GoDaddy in a research report on Wednesday. B. Riley Financial lowered their price objective on GoDaddy from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Benchmark dropped their target price on shares of GoDaddy from $240.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Jefferies Financial Group cut their price target on GoDaddy from $140.00 to $100.00 and set a “hold” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.93.

GoDaddy Trading Up 0.9%

Shares of NYSE:GDDY opened at $86.97 on Thursday. The company has a debt-to-equity ratio of 17.50, a quick ratio of 0.57 and a current ratio of 0.61. The company has a 50-day simple moving average of $104.84 and a 200 day simple moving average of $124.90. The company has a market capitalization of $11.75 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.79 and a beta of 0.94. GoDaddy has a 52-week low of $73.06 and a 52-week high of $193.55.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.22. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. GoDaddy had a net margin of 17.67% and a return on equity of 369.00%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. Sell-side analysts forecast that GoDaddy will post 6.63 earnings per share for the current year.

Insider Transactions at GoDaddy

In related news, CFO Mark Mccaffrey sold 3,317 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $127.94, for a total transaction of $424,376.98. Following the sale, the chief financial officer directly owned 66,816 shares in the company, valued at approximately $8,548,439.04. This represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Phontip Palitwanon sold 2,397 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $128.44, for a total transaction of $307,870.68. Following the sale, the chief accounting officer directly owned 17,055 shares in the company, valued at $2,190,544.20. The trade was a 12.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,615 shares of company stock worth $1,743,102 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On GoDaddy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewSquare Capital LLC raised its holdings in shares of GoDaddy by 170.9% in the 2nd quarter. NewSquare Capital LLC now owns 149 shares of the technology company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of GoDaddy by 85.9% in the 3rd quarter. Hemington Wealth Management now owns 184 shares of the technology company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new position in shares of GoDaddy during the fourth quarter valued at about $25,000. Activest Wealth Management grew its position in GoDaddy by 6,600.0% during the 4th quarter. Activest Wealth Management now owns 201 shares of the technology company’s stock worth $25,000 after acquiring an additional 198 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GoDaddy in the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Key Stories Impacting GoDaddy

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: Benchmark kept a Buy rating and set a $210 price target, signaling at least one major analyst still sees material upside vs. current levels. Benchmark Cuts GoDaddy Price Target
• Neutral Sentiment: Citigroup lowered its target from $195 to $110 but maintained a Buy — a notable downgrade in expectations but not in conviction. Citigroup price target note
• Neutral Sentiment: Barclays trimmed its price target to $118 while keeping an Overweight rating, another mixed signal (lower PT but still constructive). Barclays price target cut
• Negative Sentiment: Multiple sell‑side targets were cut sharply (Wells Fargo $77, UBS $105, Cantor Fitzgerald $90, RBC $100), adding downward pressure on sentiment and indicating lowered earnings/valuation expectations. Wells Fargo PT to $77 UBS PT to $105 Cantor PT $90 RBC PT $100
• Negative Sentiment: Several law firms have launched securities‑fraud investigations into GoDaddy related to the Feb. 24 results, creating legal overhang and potential disclosure/legal costs that increase near‑term risk. Glancy Prongay Wolke & Rotter investigation Frank R. Cruz investigation
• Negative Sentiment: Media coverage flagged that the stock hit a two‑year low and “gapped down” after analyst downgrades and earnings‑related concerns, underscoring weak investor sentiment following the quarter. InsiderMonkey: two‑year low Shares gap down article

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.