Godaddy (GDDY) Receives Daily Media Sentiment Rating of 0.11

Media coverage about Godaddy (NYSE:GDDY) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Godaddy earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 44.8068487661453 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

Godaddy (GDDY) traded down $1.23 during trading hours on Tuesday, hitting $46.09. 5,523,665 shares of the stock traded hands, compared to its average volume of 1,231,368. The company has a market cap of $8,003.04, a price-to-earnings ratio of 154.84, a P/E/G ratio of 8.54 and a beta of 0.65. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.15. Godaddy has a 12 month low of $34.27 and a 12 month high of $51.29.

Several research analysts have issued reports on the stock. B. Riley restated a “buy” rating and set a $53.00 price target on shares of Godaddy in a report on Saturday, August 26th. Stifel Nicolaus set a $41.00 price target on shares of Godaddy and gave the stock a “hold” rating in a report on Wednesday, August 9th. TheStreet upgraded shares of Godaddy from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. SunTrust Banks assumed coverage on shares of Godaddy in a report on Tuesday, August 15th. They set a “buy” rating and a $50.00 price target for the company. Finally, Deutsche Bank raised their price target on shares of Godaddy from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Godaddy presently has a consensus rating of “Buy” and a consensus price target of $50.00.

In other Godaddy news, Director Robert R. Parsons sold 5,817,338 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $43.71, for a total transaction of $254,275,843.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Auguste Goldman sold 1,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $43.73, for a total transaction of $43,730.00. Following the sale, the insider now owns 6,491 shares of the company’s stock, valued at approximately $283,851.43. The disclosure for this sale can be found here. Insiders sold a total of 12,267,630 shares of company stock valued at $537,735,563 in the last quarter. 22.68% of the stock is currently owned by company insiders.

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About Godaddy

GoDaddy Inc is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. It operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence.

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