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Wednesday, February 1, 2023

Taking On Challenges And Growing? – GoDaddy Inc. (GDDY)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for GoDaddy Inc. (GDDY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -0.22%, to $74.14. The GoDaddy Inc. has recorded 30,839 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Wising Up in WordPress: GoDaddy Employees Teach IT Bootcamp in Serbia.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $74.30 and fluctuated between $75.64 as its day high and $74.21 as its day low. The current market capitalization of GoDaddy Inc. is $11.42B. A total of 0.93 million shares were traded on the day, compared to an average of 874.60K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GDDY has seen 0 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 3,576 shares. Over the last 12 months, there were 17 BUYs and 27 SELLs from insiders. Insiders purchased 197,830 shares during that period but sold 51,084.

In the most recent transaction, Bhutani Amanpal Singh sold 1,353 shares of GDDY for 74.47 per share on Jan 04. After the transaction, the Chief Executive Officer now owns 214,186 company shares. In a previous transaction on Jan 04, McCaffrey Mark sold 5,098 shares at 74.47 per share. GDDY shares that Chief Financial Officer owns now total 76,237.

Among the insiders who sold shares, Daddario Nick disposed of 44 shares on Dec 02 at a per-share price of $78.54. This resulted in the Chief Accounting Officer holding 14,955 shares of GDDY after the transaction. In another insider transaction, Bhutani Amanpal Singh sold 1,511 shares at $78.54 per share on Dec 02. Company shares held by the Chief Executive Officer now total 215,539.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GDDY in the last 3 months, the mean price target is $93.73 with high estimates of $110.00 and low estimates of $80.00. In terms of 52-week highs and lows, GDDY has a high of $88.32 and a low of $64.65.

As of this writing, GDDY has an earnings estimate of $0.58 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.66 per share and a lower estimate of $0.45. The company reported an EPS of $0.41 in the last quarter, which was -2.40% lower than expectations of $0.42.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GDDY is Hold with a score of 4.80. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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