At the time of writing, Godaddy Inc [GDDY] stock is trading at $214.35, up 4.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The GDDY shares have gain 4.26% over the last week, with a monthly amount glided 3.68%, and seem to be holding up well over a long-time horizon.
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 $106.42 and $211.11. Currently, Wall Street analysts expect the stock to reach $210.4 within the next 12 months. Godaddy Inc [NYSE: GDDY] shares were valued at $214.35 at the most recent close of the market. An investor can expect a potential drop of -1.84% based on the average GDDY price forecast.
Analyzing the GDDY fundamentals
According to Godaddy Inc [NYSE:GDDY], the company’s sales were 4.47B for trailing twelve months, which represents an 7.60% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.15%, 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 7.48 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of10.97.
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 208.37 points at the first support level, and at 202.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 217.84, and for the 2nd resistance point, it is at 221.33.
Ratios To Look Out For
It is important to note that Godaddy Inc [NYSE:GDDY] has a current ratio of 0.56. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 6.73, the price to book ratio is 84.34 and price to earnings (TTM) ratio is 16.57.
Transactions by insiders
Recent insider trading involved Chen Roger, Chief Operating Officer, that happened on Jan 15 ’25 when 1000.0 shares were sold. Chief Financial Officer, McCaffrey Mark completed a deal on Jan 06 ’25 to sell 480.0 shares. Meanwhile, Chief Financial Officer McCaffrey Mark sold 624.0 shares on Jul 02 ’24.
