At the time of writing, Godaddy Inc [GDDY] stock is trading at $158.53, down -1.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GDDY shares have gain 5.48% over the last week, with a monthly amount drifted -2.40%, and not 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 September 23, 2024, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $172 from $160. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $170. On July 12, 2024, B. Riley Securities reiterated its Buy rating and revised its price target to $170 on the stock. Evercore ISI downgraded its rating to a In-line and raised its price target to $110 on February 14, 2024. Piper Sandler upgraded its rating to Overweight for this stock on January 09, 2024. In a note dated November 22, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $90 to $124.
For the past year, the stock price of Godaddy Inc fluctuated between $71.15 and $167.65. Currently, Wall Street analysts expect the stock to reach $132.53 within the next 12 months. Godaddy Inc [NYSE: GDDY] shares were valued at $158.53 at the most recent close of the market. An investor can expect a potential drop of -16.4% based on the average GDDY price forecast.
Analyzing the GDDY fundamentals
According to Godaddy Inc [NYSE:GDDY], the company’s sales were 4.39B for trailing twelve months, which represents an 7.67% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of24.43.
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 157.39 points at the first support level, and at 156.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.59, and for the 2nd resistance point, it is at 162.64.
Ratios To Look Out For
It is important to note that Godaddy Inc [NYSE:GDDY] has a current ratio of 0.48. Also, the Quick Ratio is 0.48, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 5.09, the price to book ratio is 142.83 and price to earnings (TTM) ratio is 12.68.
Transactions by insiders
Recent insider trading involved Chen Roger, Chief Operating Officer, that happened on Sep 16 ’24 when 1000.0 shares were sold. Officer, ROGER CHEN completed a deal on Sep 16 ’24 to buy 1000.0 shares. Meanwhile, Chief Accounting Officer Daddario Nick sold 2976.0 shares on Sep 09 ’24.
