Godaddy (NYSE:GDDY) Getting Somewhat Positive Media Coverage, Study Shows

Media coverage about Godaddy (NYSE:GDDY) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Godaddy earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 43.2285312940165 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Godaddy (NYSE GDDY) traded up $0.13 during trading on Friday, reaching $51.43. 637,859 shares of the company were exchanged, compared to its average volume of 1,120,293. The company has a debt-to-equity ratio of 5.15, a current ratio of 0.57 and a quick ratio of 0.57. Godaddy has a 12 month low of $34.40 and a 12 month high of $51.70. The stock has a market cap of $8,535.60, a price-to-earnings ratio of 165.48, a P/E/G ratio of 5.31 and a beta of 0.65.

Several equities research analysts have recently commented on GDDY shares. TheStreet upgraded Godaddy from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a report on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Godaddy in a report on Wednesday, September 20th. Oppenheimer reaffirmed a “buy” rating and issued a $53.00 target price (up previously from $50.00) on shares of Godaddy in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 target price on shares of Godaddy in a report on Wednesday, November 22nd. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.43.

In other news, SVP Auguste Goldman sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $48.62, for a total transaction of $388,960.00. Following the transaction, the senior vice president now directly owns 13,491 shares of the company’s stock, valued at $655,932.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Rick Kimball sold 7,102,622 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $47.12, for a total transaction of $334,675,548.64. The disclosure for this sale can be found here. Insiders sold a total of 7,853,345 shares of company stock worth $370,901,402 over the last three months. 22.68% of the stock is currently owned by corporate insiders.

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Godaddy Company Profile

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.

Insider Buying and Selling by Quarter for Godaddy (NYSE:GDDY)

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