GoDaddy Inc. [NYSE: GDDY] closed the trading session at $77.79 on 10/20/20. The day’s price range saw the stock hit a low of $77.53, while the highest price level was $79.51. The company report on October 15, 2020 that GoDaddy Inc. Announces Third Quarter 2020 Earnings Conference Call On Wednesday, November 4, 2020.
GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, will release financial results for the third quarter on Wednesday, November 4, 2020, after the stock market closes.
Following the news release, GoDaddy management will host a conference call and webcast at 5:00 p.m. Eastern Time. To hear the call, please register here for webcast information. A live webcast of the call will also be available on GoDaddy’s investor relations website at https://investors.godaddy.net.
The stocks have a year to date performance of 14.53 percent and weekly performance of -0.21 percent. The stock has been moved at 19.25 percent over the last six months. The stock has performed 5.82 percent around the most recent 30 days and changed 11.78 percent over the most recent 3-months.
If compared to the average trading volume of 1.36M shares, GDDY reached to a volume of 1458285 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about GoDaddy Inc. [GDDY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GDDY shares is $93.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GDDY stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for GoDaddy Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on August 06, 2020. The new note on the price target was released on August 06, 2020, representing the official price target for GoDaddy Inc. stock.
The Average True Range (ATR) for GoDaddy Inc. is set at 2.27, with the Price to Sales ratio for GDDY stock in the period of the last 12 months amounting to 4.18. Price to Free Cash Flow for GDDY in the course of the last twelve months was 19.00 with Quick ratio for the last quarter at 0.40.
GDDY stock trade performance evaluation
GoDaddy Inc. [GDDY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.21. With this latest performance, GDDY shares gained by 5.82% in over the last four-week period, additionally plugging by 19.25% over the last 6 months – not to mention a rise of 24.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GDDY stock in for the last two-week period is set at 52.95, with the RSI for the last a single of trading hit 58.41, and the three-weeks RSI is set at 53.36 for GoDaddy Inc. [GDDY]. The present Moving Average for the last 50 days of trading for this stock 78.00, while it was recorded at 76.94 for the last single week of trading, and 71.58 for the last 200 days.
GoDaddy Inc. [GDDY]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and GoDaddy Inc. [GDDY] shares currently have an operating margin of +7.37 and a Gross Margin at +58.57. GoDaddy Inc.’s Net Margin is presently recorded at +4.59.
Return on Total Capital for GDDY is now 6.61, given the latest momentum, and Return on Invested Capital for the company is 4.18. Return on Equity for this stock inclined to 17.51, with Return on Assets sitting at 2.21. When it comes to the capital structure of this company, GoDaddy Inc. [GDDY] has a Total Debt to Total Equity ratio set at 340.36. Additionally, GDDY Total Debt to Total Capital is recorded at 77.29, with Total Debt to Total Assets ending up at 41.70. Long-Term Debt to Equity for the company is recorded at 332.86, with the Long-Term Debt to Total Capital now at 75.59.
Reflecting on the efficiency of the workforce at the company, GoDaddy Inc. [GDDY] managed to generate an average of $19,505 per employee. Receivables Turnover for the company is 105.47 with a Total Asset Turnover recorded at a value of 0.48.GoDaddy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Earnings per share (EPS) analysis for GoDaddy Inc. [GDDY] stock
With the latest financial reports released by the company, GoDaddy Inc. posted 0.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GDDY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GoDaddy Inc. go to 31.00%.
GoDaddy Inc. [GDDY]: Insider Ownership positions
There are presently around $12,838 million, in the hands of institutional investors. The top three institutional holders of GDDY stocks are: VANGUARD GROUP INC with ownership of 15,941,919, which is approximately -4% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 12,633,260 shares of the stock with an approximate value of $982.74 million in GDDY stocks shares; and BLACKROCK INC., currently with $898.48 million in GDDY stock with ownership of nearly -3.909% of the company’s market capitalization.
Positions in GoDaddy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 260 institutional holders increased their position in GoDaddy Inc. [NYSE:GDDY] by around 16,242,157 shares. Additionally, 156 investors decreased positions by around 16,965,812 shares, while 43 investors held positions by with 131,825,107 shares. The mentioned changes placed institutional holdings at 165,033,076 shares, according to the latest SEC report filing. GDDY stock had 92 new institutional investments in for a total of 3,409,940 shares, while 40 institutional investors sold positions of 3,297,524 shares during the same period.