Godaddy Inc [GDDY] stock prices are up 0.44% to $157.53 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GDDY shares have gain 4.15% over the last week, with a monthly amount glided 10.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Godaddy Inc [NYSE: GDDY] stock has seen the most recent analyst activity on July 12, 2024, when B. Riley Securities reiterated its Buy rating and also boosted its price target to $170 from $143. On February 14, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $110 on the stock. Piper Sandler upgraded its rating to a Overweight. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $124 on November 22, 2023. Seaport Research Partners started tracking with a Buy rating for this stock on October 24, 2023, and assigned it a price target of $85. In a note dated October 17, 2023, Oppenheimer initiated an Perform rating.
The stock price of Godaddy Inc [GDDY] has been fluctuating between $69.18 and $156.98 over the past year. Currently, Wall Street analysts expect the stock to reach $126.06 within the next 12 months. Godaddy Inc [NYSE: GDDY] shares were valued at $157.53 at the most recent close of the market. An investor can expect a potential drop of -19.98% based on the average GDDY price forecast.
Analyzing the GDDY fundamentals
The Godaddy Inc [NYSE:GDDY] reported sales of 4.39B for trailing twelve months, representing a surge of 7.67%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is -20.95 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 24.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 156.31 points at the first support level, and at 155.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 158.42, and for the 2nd resistance point, it is at 159.31.
Ratios To Look Out For
It’s worth pointing out that Godaddy Inc [NYSE:GDDY]’s Current Ratio is 0.48. On the other hand, the Quick Ratio is 0.48, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 5.05, the price to book ratio is 141.93 and price to earnings (TTM) ratio is 12.60.
Transactions by insiders
Recent insider trading involved Zarmi Sigal, Director, that happened on Aug 09 ’24 when 400.0 shares were purchased. Officer, ROGER CHEN completed a deal on Aug 01 ’24 to buy 4000.0 shares. Meanwhile, Officer AMANPAL BHUTANI bought 3000.0 shares on Aug 01 ’24.
