An Evaluation Of Godaddy Inc (NYSE: GDDY) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Rewards Through Time-Saving Projects: Meet Sandeep Sidhu.

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Stocks Info

GDDY belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. The current market capitalization of Godaddy Inc is $16.18B. A total of 1.57 million shares were traded on the day, compared to an average of 1.59M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GDDY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 47 SELLs from insiders. Insiders purchased 93,122 shares during that period but sold 155,401.

In the most recent transaction, Chen Roger sold 4,000 shares of GDDY for 107.20 per share on Feb 01. After the transaction, the Chief Operating Officer now owns 149,716 company shares. In a previous transaction on Jan 03, McCaffrey Mark sold 505 shares at 102.47 per share. GDDY shares that Chief Financial Officer owns now total 77,158.

Among the insiders who sold shares, Chen Roger disposed of 4,000 shares on Jan 02 at a per-share price of $105.22. This resulted in the Chief Operating Officer holding 153,716 shares of GDDY after the transaction. In another insider transaction, Bhutani Amanpal Singh sold 3,472 shares at $104.21 per share on Dec 08. Company shares held by the Chief Executive Officer now total 257,826.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GDDY in the last 3 months, the mean price target is $125.69 with high estimates of $150.00 and low estimates of $110.00. In terms of 52-week highs and lows, GDDY has a high of $113.70 and a low of $67.43.

As of this writing, GDDY has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.15 per share and a lower estimate of $0.71. The company reported an EPS of $0.89 in the last quarter, which was 23.60% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. GDDY’s latest balance sheet shows that the firm has $1.26B in Cash & Short Term Investments as of fiscal 2021. There were $4.06B in debt and $2.44B in liabilities at the time. Its Book Value Per Share was $0.57, while its Total Shareholder’s Equity was $83.20M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.31.

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