GoDaddy (GDDY) Receiving Somewhat Favorable News Coverage, Analysis Shows

Media stories about GoDaddy (NYSE:GDDY) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores 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 -1 to 1, with scores closest to one being the most favorable. GoDaddy earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.7251734789174 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of GoDaddy (NYSE GDDY) traded up $0.42 on Tuesday, hitting $48.57. The stock had a trading volume of 1,846,000 shares, compared to its average volume of 1,210,250. GoDaddy has a 12-month low of $32.79 and a 12-month high of $49.36. The company has a market capitalization of $7,934.78, a PE ratio of 155.32, a PEG ratio of 8.46 and a beta of 0.64. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.57.

GDDY has been the topic of a number of research analyst reports. Barclays PLC boosted their price target on shares of GoDaddy from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. BidaskClub raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 28th. William Blair initiated coverage on shares of GoDaddy in a report on Thursday, October 5th. They set an “outperform” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of GoDaddy in a report on Saturday, August 26th. Finally, Zacks Investment Research downgraded shares of GoDaddy from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. GoDaddy has an average rating of “Buy” and an average price target of $49.38.

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In other news, insider Auguste Goldman sold 1,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $43.73, for a total transaction of $43,730.00. Following the sale, the insider now directly owns 6,491 shares in the company, valued at $283,851.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Raymond E. Winborne, Jr. sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $43.90, for a total value of $109,750.00. Following the sale, the chief financial officer now owns 15,308 shares in the company, valued at $672,021.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,267,964 shares of company stock worth $536,480,344. Company insiders own 22.68% of the company’s stock.

About GoDaddy

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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