Media headlines about GoDaddy (NYSE:GDDY) have been trending positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GoDaddy earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several research firms recently commented on GDDY. B. Riley reissued a “buy” rating and issued a $47.00 price objective on shares of GoDaddy in a research note on Monday, May 8th. Cantor Fitzgerald increased their price objective on GoDaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 3rd. Barclays PLC began coverage on GoDaddy in a research note on Tuesday, March 28th. They issued an “overweight” rating and a $45.00 price objective for the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 price objective (up from $46.00) on shares of GoDaddy in a research note on Tuesday, May 16th. Finally, Zacks Investment Research downgraded GoDaddy from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. GoDaddy has an average rating of “Buy” and a consensus price target of $43.08.

Shares of GoDaddy (NYSE:GDDY) opened at 42.22 on Monday. The stock’s market capitalization is $3.86 billion. The firm has a 50-day moving average price of $41.54 and a 200 day moving average price of $37.81. GoDaddy has a one year low of $28.13 and a one year high of $44.22.

GoDaddy (NYSE:GDDY) last released its earnings results on Tuesday, May 2nd. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $489.70 million during the quarter, compared to analyst estimates of $487.77 million. GoDaddy had a positive return on equity of 0.73% and a negative net margin of 0.28%. On average, equities analysts expect that GoDaddy will post $0.19 EPS for the current fiscal year.

In other GoDaddy news, EVP Nima Kelly sold 20,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $44.00, for a total transaction of $880,000.00. Following the completion of the sale, the executive vice president now owns 51,744 shares of the company’s stock, valued at $2,276,736. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Scott Wagner sold 8,000 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $37.23, for a total value of $297,840.00. Following the sale, the chief operating officer now directly owns 10,355 shares of the company’s stock, valued at approximately $385,516.65. The disclosure for this sale can be found here. Insiders sold 20,248,913 shares of company stock valued at $760,519,814 over the last quarter. Insiders own 25.70% of the company’s stock.

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About GoDaddy

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.

Insider Buying and Selling by Quarter for GoDaddy (NYSE:GDDY)

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