A share price of Godaddy Inc [GDDY] is currently trading at $154.41, down -0.35%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GDDY shares have lost -0.78% over the last week, with a monthly amount drifted -1.83%, 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.
Godaddy Inc experienced fluctuations in its stock price throughout the past year 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 $154.41 at the most recent close of the market. An investor can expect a potential drop of -14.17% based on the average GDDY price forecast.
Analyzing the GDDY fundamentals
Trailing Twelve Months sales for Godaddy Inc [NYSE:GDDY] were 4.39B which represents 7.67% growth. 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 152.99 points at the first support level, and at 151.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 155.25, and for the 2nd resistance point, it is at 156.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Godaddy Inc [NYSE:GDDY] is 0.48. As well, the Quick Ratio is 0.48, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 4.95, the price to book ratio is 139.12 and price to earnings (TTM) ratio is 12.35.
Transactions by insiders
Recent insider trading involved McCaffrey Mark, Chief Financial Officer, that happened on Oct 01 ’24 when 5500.0 shares were sold. Chief Financial Officer, McCaffrey Mark completed a deal on Oct 02 ’24 to sell 624.0 shares. Meanwhile, Chief Executive Officer Bhutani Amanpal Singh sold 3000.0 shares on Oct 01 ’24.
