News stories about Godaddy (NYSE:GDDY) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Godaddy earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.5194649296261 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Godaddy Inc (GDDY) Insider Steven Aldrich Sells 14,185 Shares (americanbankingnews.com)
- Godaddy Inc (GDDY) CFO Sells $3,827,500.00 in Stock (americanbankingnews.com)
- Godaddy Inc (GDDY) CRO Ah Kee Andrew Low Sells 41,481 Shares (americanbankingnews.com)
- GoDaddy Inc. Announces Proposed Sale of Shares of Common Stock (finance.yahoo.com)
- Financial Contrast: Godaddy (GDDY) and CACI INTERNATIONAL INC Common Stock (CACI) (americanbankingnews.com)
A number of research analysts recently issued reports on GDDY shares. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $76.00 price target on shares of Godaddy in a report on Monday, May 7th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on Godaddy to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. Morgan Stanley lifted their price target on Godaddy from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, May 9th. Piper Jaffray Companies lifted their price target on Godaddy to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 9th. Finally, Oppenheimer lifted their price target on Godaddy from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Godaddy presently has a consensus rating of “Buy” and a consensus target price of $74.80.
Godaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Godaddy had a return on equity of 8.78% and a net margin of 5.83%. The business had revenue of $652.00 million during the quarter, compared to analyst estimates of $643.59 million. During the same period in the previous year, the firm earned $0.10 EPS. Godaddy’s quarterly revenue was up 16.8% compared to the same quarter last year. equities analysts forecast that Godaddy will post 0.55 EPS for the current year.
In other Godaddy news, CRO Ah Kee Andrew Low sold 41,481 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $76.01, for a total transaction of $3,152,970.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Wagner sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $70.73, for a total value of $8,841,250.00. Following the transaction, the chief executive officer now directly owns 310,351 shares of the company’s stock, valued at approximately $21,951,126.23. The disclosure for this sale can be found here. Insiders sold a total of 4,396,503 shares of company stock valued at $311,967,070 over the last quarter. 7.63% of the stock is owned by insiders.
GoDaddy Inc designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the United States and internationally. It provides domain name registration product that enables to engage customers at the initial stage of establishing a digital identity; hosting products, such as shared Website hosting, Website hosting on virtual private servers and virtual dedicated servers, managed hosting, and security.
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