On Jan. 04, Kelly Nima divested U.S. $283,260 in shares of GoDaddy Inc.. The GC sold 3,488 shares at a price per share of $81.21. The transaction decreased this specific insider’s holdings to 64,192 shares worth around $5.15 million at present.
Another 2,999 shares were sold by Bhutani Amanpal Singh, for more than $244,936 in total proceeds. The CEO dumped the shares at a price of $81.67 and the insider now owns almost 86,018 shares.
Meanwhile, Raymond James had raised its rating on GDDY to “Strong buy” from the earlier “an Outperform”, in a research note produced for clients August 06, 2020. In addition, there was an upgrade from JP Morgan on August 06, 2020. The rater changed GDDY from “a Neutral” to “an Overweight”.
Is GoDaddy Inc. [NYSE:GDDY] a Good Buy Right Now?
It should be noted that GDDY technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 88% Buy in the last week and compares with 88% Buy in the past month. Data from GoDaddy Inc.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 1.02 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 1.21 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.22 million shares.
GDDY Price Performance
On Wall Street, GoDaddy Inc. [NYSE:GDDY] finished Wednesday’s session down -2.60% at $80.23. The stock went up to $82.615 at the same session while its lowest single day price was $80.14. In the last five days, it saw a fall of about -3.67%, GoDaddy Inc. shares dropped by almost -3.28% since the beginning of the year. However, the share price has dropped to as low as -12.61% below its one year high. On 01/04/21, the company shares recorded $83.28, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $80.14. The company’s shares have inclined by 16.22% in the past year. The 50-day SMA achieved is $79.39 while the 200-day SMA is $74.83. Volume gained to 1.15 million from 0.63 million in the previous session.
GoDaddy Inc. [GDDY] Valuation Measures
Notably, GoDaddy Inc. [GDDY] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.22 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.93.
GDDY Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 79.38 level, and in case of violation of this particular level, it will cause more drop to 78.52 level. On the upper level, 83.47 is still the key resistance. The stock may increase to the subsequent resistance at 81.85. The Relative Strength Index (RSI) pinned on the 14-day chart is 42.28, implying a neutral technical stance while the MACD stands at -2.58, meaning price will decrease in the next trading period. Percent R indicator moved to 99.23%, implying bearish price movement. Stochastic %K at 8.85% suggest buying the stock.
What is the short interest in GoDaddy Inc.?
Short interest in the GoDaddy Inc. stock has plunged, decreasing by 20000.0 shares to total 6.52 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6.5 million, data from Yahoo Finance shows. The increase of 0.31% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.89% of the overall float for the stock.
GoDaddy Inc.’s Biggest Shareholders: Who Owns GoDaddy Inc. [GDDY]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 15,252,750 shares or roughly 9.08% of the outstanding GDDY shares. This means their shares have reduced by -252,569 from the 15,252,750 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Wellington Management Co. LLP updated stake is worth $1,211,111,197. Details in the latest 13F filings reveal that Select Equity Group LP acquired their 7.28% stake valued at $785,952,159 while Capital Research & Management Co added theirs at $733,617,385. During the last quarter, Select Equity Group LP raised 670,201 of its shares in GoDaddy Inc. while Capital Research & Management Co bought 140,630 shares. The Fidelity Management & Research Co’s holdings currently number 9,190,452 shares at $737349963.96. According to the firm’s last 13F report, Janus Capital Management LLC shares in the company at filing stood at 7,345,413 shares, roughly $584,254,150.
GDDY Earnings Forecast For The Current Quarter
GoDaddy Inc. [GDDY] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $864.98M and an earnings per share of $0.36 for Dec 2020. Looking further ahead, the company is expected to report revenue of $884.65M at an EPS of $0.41 for Mar 2021. The estimates represent upside of 10.80% and 158.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
GDDY Earnings Estimates For The Current Year
For the financial year, GoDaddy Inc. [NYSE:GDDY] is expected to bring in revenue of $3.31B. The returns are nearly $320.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -3.02, lower than that of FY19 by -$3.78. Estimates put this year’s earnings growth at -497.40%, 158.60% for the next, and at an annual 31.00% over the next 5-year period. As for sales, forecasts are for an increase of 10.70% in the current fiscal year and a further 10.80% over the following year.
What are analyst thoughts on GoDaddy Inc.?
Looking forward to the GoDaddy Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for GoDaddy Inc. stock at $99.00 within the next 12 months, which represents almost 18.96 per cent growth from its previous closing price of $80.23. The highest analysts’ target for GoDaddy Inc. stock projections is $110.00 and the lowest one is $69.00. Still, 15 analysts sharing their consensus rating for GDDY stock in 2021 agree that it is a Buy.