GoDaddyGDDY
GDDY
About: GoDaddy is a provider of domain registration and aftermarket services, website hosting, security, design, and business productivity tools, commerce solutions, and domain registry services. The company primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors. Since acquiring payment processing platform Poynt in 2021, the company has expanded into omnicommerce solutions, including offering an online payment gateway and offline point-of-sale devices.
Employees: 6,159
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
54% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 74
44% more call options, than puts
Call options by funds: $253M | Put options by funds: $176M
14% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 16 (+2) [Q3]
7% more funds holding
Funds holding: 610 [Q2] → 650 (+40) [Q3]
2% more capital invested
Capital invested by funds: $20.1B [Q2] → $20.5B (+$425M) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 235 | Existing positions reduced: 242
8.11% less ownership
Funds ownership: 101.24% [Q2] → 93.13% (-8.11%) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$170
17%
downside
Avg. target
$200
3%
downside
High target
$230
12%
upside
9 analyst ratings
7 positive
78%
2 neutral
22%
0 negative
0%
RBC Capital Brad Erickson 67% 1-year accuracy 42 / 63 met price target | 12%upside $230 | Outperform Reiterated | 4 Dec 2024 |
Jefferies Brent Thill 75% 1-year accuracy 41 / 55 met price target | 3%downside $200 | Buy Maintained | 4 Dec 2024 |
JP Morgan Alexei Gogolev 46% 1-year accuracy 12 / 26 met price target | 9%upside $224 | Overweight Maintained | 4 Dec 2024 |
Baird Vikram Kesavabhotla 92% 1-year accuracy 11 / 12 met price target | 10%upside $225 | Outperform Maintained | 19 Nov 2024 |
B. Riley Securities Naved Khan 72% 1-year accuracy 18 / 25 met price target | 8%downside $190 | Buy Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 9 articles about GDDY published over the past 30 days
Neutral
PRNewsWire
4 days ago
GoDaddy Inc. Completes Refinancing of Existing Tranche B-6 Term Loans
TEMPE, Ariz. , Dec. 16, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing.
Neutral
The Motley Fool
6 days ago
Everyone Knows About Nvidia and Palantir. But These Other 3 Stocks Are Quietly Crushing the S&P 500 in 2024 As Well.
There's no way to deny it: 2024 was a stunning year for the stock market. As of this writing, the S&P 500 is up nearly 28% year to date.
Neutral
PRNewsWire
1 week ago
9 in 10 Gen Z and Millennials Impulse Buy on Social Media, GoDaddy Survey Reveals
Where consumers shop sees stark generational divide across social platforms TEMPE, Ariz. , Dec. 12, 2024 /PRNewswire/ -- New survey data by GoDaddy (NYSE: GDDY) found consumers are shopping on social media often, but maybe not the platforms you'd expect.
Neutral
PRNewsWire
2 weeks ago
GoDaddy Inc. Announces Refinancing of Tranche B-6 Loans
TEMPE, Ariz. , Dec. 5, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,463 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-6 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing, the "Term Loan Refinancing").
Positive
Zacks Investment Research
3 weeks ago
Why Is GoDaddy (GDDY) Up 18.6% Since Last Earnings Report?
GoDaddy (GDDY) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
3 weeks ago
GoDaddy: Unlocking Growth Potential At 18x Forward Free Cash Flow
I'm bullish on GoDaddy because of its strong free cash flow generation, projected to reach $1.6 billion in 2025, making its 18x valuation enticing. I believe GoDaddy's focus on pricing, bundling, and AI-driven innovations positions it for sustained revenue growth and profitability. I recognize that GoDaddy's $3.1 billion net debt is a risk, but its operational efficiencies and consistent cash flow mitigate my concerns.
Positive
Zacks Investment Research
3 weeks ago
GoDaddy Stock Price Increases 86% YTD: How Should You Play It?
GDDY's promising growth prospects make it a compelling investment option. However, its stretched valuation suggests waiting for a better entry point.
Neutral
PRNewsWire
4 weeks ago
Gen Z and Millennials to Small Businesses: Get Online or Get Left Behind
New GoDaddy survey shows 80% of young shoppers research businesses before buying TEMPE, Ariz. , Nov. 21, 2024 /PRNewswire/ -- Maintaining an online presence is important to small businesses, but is it necessary?
Neutral
PRNewsWire
4 weeks ago
Resilience Pays Off: 75% of Microbusiness Owners Relaunch After Setbacks, GoDaddy Reports
TEMPE, Ariz. , Nov. 21, 2024 /PRNewswire/ -- For many microbusiness owners, closing one venture is not the end—it's the beginning of something new.
Neutral
PRNewsWire
1 month ago
GoDaddy Inc. to Present at the UBS Global Technology Conference and Barclays Global Technology Conference
TEMPE, Ariz. , Nov. 20, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will present at the UBS Global Technology Conference in Scottsdale, Arizona on Wednesday, Dec. 4, 2024 at 10:15 a.m.
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