Somewhat Positive Media Coverage Somewhat Unlikely to Impact Godaddy (NYSE:GDDY) Share Price

Press coverage about Godaddy (NYSE:GDDY) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Godaddy earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.8076927828802 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

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A number of analysts have weighed in on the stock. Deutsche Bank raised their price objective on shares of Godaddy from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. William Blair reissued a “buy” rating on shares of Godaddy in a report on Monday. JMP Securities raised their price objective on shares of Godaddy from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday. SunTrust Banks raised their target price on shares of Godaddy to $71.00 and gave the stock a “buy” rating in a research report on Friday, March 23rd. Finally, Goldman Sachs assumed coverage on shares of Godaddy in a research report on Friday, March 23rd. They set a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.63.

GDDY traded up $1.32 during midday trading on Wednesday, hitting $60.57. The company’s stock had a trading volume of 2,039,653 shares, compared to its average volume of 1,416,057. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $9,928.20, a price-to-earnings ratio of 144.21, a price-to-earnings-growth ratio of 6.65 and a beta of 0.55. Godaddy has a 52-week low of $36.02 and a 52-week high of $64.49.

Godaddy (NYSE:GDDY) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $593.47 million. Godaddy had a return on equity of 9.87% and a net margin of 6.45%. equities research analysts anticipate that Godaddy will post 0.44 earnings per share for the current year.

In other news, insider Barbara J. Rechterman sold 35,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $50.79, for a total transaction of $1,777,650.00. Following the completion of the sale, the insider now owns 46,113 shares in the company, valued at approximately $2,342,079.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Aldrich sold 10,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $61.38, for a total value of $613,800.00. Following the sale, the insider now owns 17,391 shares of the company’s stock, valued at approximately $1,067,459.58. The disclosure for this sale can be found here. Insiders sold a total of 13,666,420 shares of company stock valued at $807,716,889 in the last 90 days. 22.68% of the stock is owned by company 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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