How Have GoDaddy Inc. (GDDY) Insiders Been Trading?

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GoDaddy Inc. (NYSE:GDDY) finished Friday with a subtraction of -$0.41 to close at $74.82, a downside of -0.55 percent. An average of 531,960 shares of common stock have been traded in the last five days. There was a gain of $0.57 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 751,205 shares traded, while the 50-day average volume stands at 883,908.

GDDY stock has decreased by -5.45% in the last month. The company shares reached their 1-month lowest point of $72.25 on 12/07/22. With the stock rallying to its 52-week high on 04/14/22, shares of the company touched a low of $64.65 and a high of $88.32 in 52 weeks. It has reached a new high 6 times so far this year and lost -11.83% or -$10.04 in price. In spite of this, the price is down -15.29% from the 52-week high.

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Insider Transactions

GDDY stock investors should be aware that GoDaddy Inc. (GDDY) stock had its last reported insider trading activity 29 days ago on Dec 02. In this transaction, the insider spent $3,456. Chief Executive Officer, Bhutani Amanpal Singh, disposed of 1,511 shares at a price of $78.54 on Dec 02. The insider now owns more than $118,677 worth of shares. Prior to that, Director Sweet Leah went on to Sale 1,000 shares at $72.13 each on Nov 10. An amount of $72,130 was transacted.

Valuation Metrics

GoDaddy Inc. (GDDY) has a trailing price-to-earnings (P/E) ratio of 35.39. The stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.84, and the price-to-cash flow ratio at 13.06.

Financial Health

The quick ratio of GoDaddy Inc. for the three months ended September 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $2.44 billion compared to revenue of $3.82 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, GoDaddy Inc.’s return on assets was 4.90%.

Earnings Surprise

For the three-month period that ended September 29, GoDaddy Inc. had $3.84 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $99.8 million in the quarter, while revenues were grew 2.3%. The analyst consensus anticipated GoDaddy Inc.’s latest quarter earnings to come in at $0.58 per share, but it turned out to be $0.63, a 8.60% surprise. For the quarter, EBITDA amounted to $178.2 million. Shareholders own equity worth $155.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GoDaddy Inc. (GDDY) price momentum. RSI 9-day as of the close on 30 December was 50.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.93%.

As of today, GDDY’s price is $74.47 +0.77% or $0.57 from its 5-day moving average. GDDY is currently trading -6.16% lower than its 20-day SMA and -5.57% lower than its 100-day SMA. However, the stock’s current price level is -0.48% below the SMA50 and -3.20% below the SMA200.

The stochastic %K and %D were 27.35% and 26.39%, respectively, and the average true range (ATR) was 1.93. With the 14-day stochastic at 34.49% and the average true range at 2.01, the RSI (14) stands at 50.06%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.

Analyst Ratings

Citigroup launched coverage on GoDaddy Inc. (NYSE: GDDY) in its analyst report released on December 13, 2022. The firm assigned the stock a Buy rating. The consensus rating for GoDaddy Inc. (GDDY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GDDY, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.

What is GDDY’s price target for the next 12 months?

Analysts predict a range of price targets between $86.00 and $110.00, with a median target of $93.00. Taking a look at these predictions, the average price target given by analysts for GoDaddy Inc. (GDDY) stock is $94.82.

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