News articles about Godaddy (NYSE:GDDY) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Godaddy earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 44.1277756321253 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
A number of equities research analysts have commented on GDDY shares. TheStreet upgraded Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Oppenheimer reiterated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Godaddy in a report on Tuesday, November 7th. Stifel Nicolaus lifted their price target on Godaddy from $41.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered Godaddy from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Finally, Barclays boosted their target price on Godaddy from $53.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $51.80.
Shares of Godaddy (GDDY) traded down $0.61 on Tuesday, hitting $51.90. The stock had a trading volume of 678,232 shares, compared to its average volume of 982,174. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy has a twelve month low of $34.58 and a twelve month high of $56.20. The firm has a market capitalization of $9,194.49, a price-to-earnings ratio of 201.97, a PEG ratio of 5.78 and a beta of 0.72.
Godaddy (NYSE:GDDY) last released its quarterly earnings data on Monday, November 6th. The technology company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Godaddy had a return on equity of 7.89% and a net margin of 2.34%. equities analysts predict that Godaddy will post 0.27 EPS for the current fiscal year.
In related news, SVP Auguste Goldman sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $48.62, for a total transaction of $388,960.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $48.37, for a total value of $1,692,950.00. Following the transaction, the insider now directly owns 50,427 shares of the company’s stock, valued at $2,439,153.99. The disclosure for this sale can be found here. Insiders sold 7,836,121 shares of company stock valued at $370,899,553 over the last 90 days. Corporate insiders own 22.68% of the company’s stock.
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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.
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