GoDaddy (NYSE:GDDY) Given Neutral Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of GoDaddy (NYSE:GDDY) in a research report report published on Friday morning, MarketBeat.com reports. They currently have a $90.00 target price on the technology company’s stock.

A number of other analysts also recently issued reports on GDDY. Piper Sandler reissued a “neutral” rating and issued a $95.00 target price (up from $93.00) on shares of GoDaddy in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered GoDaddy to a “buy” rating in a report on Friday. William Blair cut GoDaddy from an “outperform” rating to a “market perform” rating in a research note on Friday. Wells Fargo & Company cut their target price on shares of GoDaddy from $83.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, UBS Group began coverage on shares of GoDaddy in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $100.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.93.

GoDaddy Stock Down 16.7%

GoDaddy stock opened at $82.79 on Friday. The firm has a 50 day moving average price of $86.64 and a 200-day moving average price of $88.79. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 15.86. GoDaddy has a twelve month low of $71.59 and a twelve month high of $165.11. The company has a market capitalization of $10.96 billion, a P/E ratio of 12.28, a P/E/G ratio of 0.90 and a beta of 0.89.

GoDaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. GoDaddy had a net margin of 17.83% and a return on equity of 501.82%. GoDaddy’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, equities analysts predict that GoDaddy will post 7.15 EPS for the current year.

Insider Activity

In related news, Director Sigal Zarmi sold 350 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $87.84, for a total transaction of $30,744.00. Following the completion of the transaction, the director owned 5,708 shares of the company’s stock, valued at approximately $501,390.72. The trade was a 5.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Mccaffrey sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $82.92, for a total transaction of $290,220.00. Following the sale, the chief financial officer directly owned 105,728 shares in the company, valued at $8,766,965.76. This trade represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 16,751 shares of company stock valued at $1,480,228. Corporate insiders own 0.93% of the company’s stock.

Institutional Trading of GoDaddy

Institutional investors and hedge funds have recently bought and sold shares of the company. Trust Asset Management LLC purchased a new position in shares of GoDaddy during the 2nd quarter valued at $127,000. Tema ETFs LLC increased its holdings in shares of GoDaddy by 22.6% in the second quarter. Tema ETFs LLC now owns 2,585 shares of the technology company’s stock worth $219,000 after purchasing an additional 476 shares during the period. Handelsbanken Fonder AB raised its position in shares of GoDaddy by 10.1% in the second quarter. Handelsbanken Fonder AB now owns 42,500 shares of the technology company’s stock worth $3,607,000 after buying an additional 3,900 shares in the last quarter. Perkins Coie Trust Co purchased a new stake in shares of GoDaddy in the second quarter worth $34,000. Finally, Czech National Bank boosted its stake in GoDaddy by 2.4% during the second quarter. Czech National Bank now owns 37,689 shares of the technology company’s stock valued at $3,199,000 after buying an additional 884 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

More GoDaddy News

Here are the key news stories impacting GoDaddy this week:

• Positive Sentiment: GoDaddy reported second-quarter adjusted earnings of $1.83 per share, above the roughly $1.69–$1.72 consensus range, while revenue rose 6.6% year over year to approximately $1.30 billion, slightly exceeding estimates. GoDaddy Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth was supported by rising average revenue per user, strength across both business segments and accelerating adoption of Airo, GoDaddy’s AI-powered product suite. Airo’s annualized recurring revenue reportedly increased fivefold to $50 million, helping drive record margins and free cash flow. GoDaddy Q2 Earnings Call Highlights
• Positive Sentiment: Management forecast third-quarter revenue of $1.315 billion to $1.335 billion and reaffirmed its approximately $1.8 billion full-year free-cash-flow target. Full-year revenue guidance remains $5.2 billion to $5.3 billion. GoDaddy Forecasts Q3 Revenue and Reaffirms Free Cash Flow
• Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reaffirmed a Neutral rating with a $90 target, while Benchmark maintained Buy despite reducing its target to $140. Raymond James cut GoDaddy from Strong Buy to Outperform and set a $100 target, citing limited visibility. Raymond James Analyst Action
• Negative Sentiment: Investors viewed the quarterly outlook as underwhelming relative to expectations, with several reports describing the guidance as weak despite the earnings beat. Concerns also persist that AI could pressure GoDaddy’s traditional website and domain businesses and weigh on future margins. GoDaddy Goes Down After Q2 Results and Outlook
• Negative Sentiment: Bearish trading activity intensified, with put-option volume reaching 11,680 contracts—nearly five times the typical daily level. Separate law-firm investigations into potential securities-law violations added another source of investor uncertainty.

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.