Media headlines about Godaddy (NYSE:GDDY) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Godaddy earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.0264576228854 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Is this GoDaddy’s new slogan? 2018 edition (domainnamewire.com)
- Owner of MyBoutique.it fails to take MyBoutique.com from GoDaddy (domainnamewire.com)
- ONE Championship Iron Will Results: Winners, Analysis, GoDaddy KO of The Night (forbes.com)
- What Analyst Recommend Regarding Stock of: GoDaddy Inc. (GDDY) – Nasdaq Express (nasdaqexpress.com)
- Godaddy (GDDY) Research Coverage Started at Goldman Sachs (americanbankingnews.com)
Several equities research analysts have recently commented on GDDY shares. B. Riley reissued a “buy” rating and issued a $53.00 price objective on shares of Godaddy in a report on Tuesday, December 5th. Wedbush started coverage on Godaddy in a report on Friday, December 8th. They issued a “neutral” rating and a $52.00 price objective for the company. JPMorgan Chase & Co. downgraded Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 price target for the company. in a report on Tuesday, December 12th. Zacks Investment Research downgraded Godaddy from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Finally, Morgan Stanley raised their price target on Godaddy from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $59.94.
In other news, insider Barbara J. Rechterman sold 35,000 shares of Godaddy stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $62.44, for a total transaction of $2,185,400.00. Following the completion of the sale, the insider now owns 88,295 shares of the company’s stock, valued at $5,513,139.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert R. Parsons sold 8,000,000 shares of Godaddy stock in a transaction on Monday, March 5th. The stock was sold at an average price of $59.21, for a total value of $473,680,000.00. The disclosure for this sale can be found here. Insiders have sold 13,671,982 shares of company stock valued at $807,435,238 in the last three months. Insiders own 22.68% of the company’s stock.
Godaddy Company Profile
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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