GoDaddy Inc. (NYSE: GDDY) is -4.02% lower on its value in year-to-date trading and has touched a low of $64.65 and a high of $85.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GDDY stock was last observed hovering at around $72.38 in the last trading session, with the day’s loss setting it -0.57% off its average median price target of $90.50 for the next 12 months. It is also 30.28% off the consensus price target high of $103.00 offered by 14 analysts, but current levels are 1.63% higher than the price target low of $73.00 for the same period.
Currently trading at $71.81, the stock is -0.75% and -3.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.79% at the moment leaves the stock -5.38% off its SMA200. GDDY registered -0.58% loss for a year compared to 6-month gain of -1.70%. The firm has a 50-day simple moving average (SMA 50) of $3.35 and a 200-day simple moving average (SMA200) of $20.22.
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The stock witnessed a -4.05% loss in the last 1 month and extending the period to 3 months gives it a -5.88%, and is -0.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.38% over the week and 2.20% over the month.
GoDaddy Inc. (GDDY) has around 6910 employees, a market worth around $11.23B and $4.12B in sales. Current P/E ratio is 34.46 and Fwd P/E is 20.22. Profit margin for the company is 8.00%. Distance from 52-week low is 11.08% and -15.83% from its 52-week high. The company has generated returns on investments over the last 12 months (14.00%).
GoDaddy Inc. (GDDY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for GoDaddy Inc. (GDDY) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 1.80, where 3 rate it as a Hold and 3 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
GoDaddy Inc. is expected to release its quarterly report on 08/03/2023.The EPS is expected to grow by 54.00% this year
GoDaddy Inc. (GDDY) Top Institutional Holders
The shares outstanding are 154.12M, and float is at 152.29M with Short Float at 1.10%.
GoDaddy Inc. (GDDY) Insider Activity
A total of 30 insider transactions have happened at GoDaddy Inc. (GDDY) in the last six months, with sales accounting for 18 and purchases happening 12 times. The most recent transaction is an insider sale by Lau Michele, the company’s Chief Legal Officer. SEC filings show that Lau Michele sold 277 shares of the company’s common stock on May 02 at a price of $74.96 per share for a total of $20763.0. Following the sale, the insider now owns 80322.0 shares.
GoDaddy Inc. disclosed in a document filed with the SEC on May 02 that Daddario Nick (Chief Accounting Officer) sold a total of 90 shares of the company’s common stock. The trade occurred on May 02 and was made at $74.96 per share for $6746.0. Following the transaction, the insider now directly holds 21063.0 shares of the GDDY stock.
Still, SEC filings show that on Apr 04, Bhutani Amanpal Singh (Chief Executive Officer) disposed off 1,987 shares at an average price of $77.41 for $0.15 million. The insider now directly holds 278,258 shares of GoDaddy Inc. (GDDY).
GoDaddy Inc. (GDDY): Who are the competitors?
The company’s main competitors (and peers) include Edgio Inc. (EGIO) that is trading -84.66% down over the past 12 months and LivePerson Inc. (LPSN) that is -75.27% lower over the same period. Marchex Inc. (MCHX) is -4.33% down on the 1-year trading charts.