Media headlines about Godaddy (NYSE:GDDY) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Godaddy earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.2282097479797 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- $593.47 Million in Sales Expected for Godaddy Inc (GDDY) This Quarter (americanbankingnews.com)
- GoDaddy (GDDY) Benefits From Strong Portfolio, Risks Persist (finance.yahoo.com)
- Is Godaddy Inc (GDDY) a Good Stock to Buy in 2018? (feedproxy.google.com)
- Godaddy Inc (GDDY) Director Sells $2,547,500.00 in Stock (americanbankingnews.com)
- Insider Selling: Godaddy Inc (GDDY) Insider Sells 35,000 Shares of Stock (americanbankingnews.com)
Shares of Godaddy (NYSE:GDDY) traded up $1.00 during mid-day trading on Wednesday, hitting $51.13. The stock had a trading volume of 729,926 shares, compared to its average volume of 1,040,864. Godaddy has a 12-month low of $34.58 and a 12-month high of $52.11. The firm has a market capitalization of $8,390.00 and a price-to-earnings ratio of 393.31. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15.
Several analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. lowered Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a research note on Tuesday, December 12th. Wedbush assumed coverage on Godaddy in a research note on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a research note on Wednesday, November 22nd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Godaddy in a research note on Monday, November 20th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Godaddy currently has an average rating of “Buy” and a consensus target price of $50.43.
In other news, COO Scott Wagner sold 125,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $47.12, for a total transaction of $5,890,000.00. Following the completion of the transaction, the chief operating officer now directly owns 128,106 shares in the company, valued at $6,036,354.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Blake Irving sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $48.53, for a total value of $2,426,500.00. Following the transaction, the chief executive officer now owns 53,106 shares of the company’s stock, valued at $2,577,234.18. The disclosure for this sale can be found here. Insiders have sold 7,817,345 shares of company stock valued at $369,319,962 over the last 90 days. 22.68% of the stock is owned by corporate insiders.
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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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