Media coverage about GoDaddy (NYSE:GDDY) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GoDaddy earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.9320681906758 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s rankings:

GoDaddy (GDDY) traded down 2.53% during trading on Thursday, hitting $41.19. 1,182,952 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $42.66 and its 200 day moving average price is $39.58. GoDaddy has a 12-month low of $31.59 and a 12-month high of $45.26. The stock has a market cap of $4.58 billion, a P/E ratio of 324.33 and a beta of 0.65.

GoDaddy (NYSE:GDDY) last issued its earnings results on Tuesday, August 8th. The technology company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.10. GoDaddy had a net margin of 1.21% and a return on equity of 6.05%. The business had revenue of $557.80 million for the quarter, compared to the consensus estimate of $551.26 million. During the same quarter last year, the firm posted ($0.11) EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Analysts anticipate that GoDaddy will post $0.24 earnings per share for the current fiscal year.

A number of brokerages have issued reports on GDDY. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of GoDaddy in a research report on Monday, May 8th. Cantor Fitzgerald boosted their target price on GoDaddy from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, May 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 target price (up previously from $46.00) on shares of GoDaddy in a research report on Tuesday, May 16th. Zacks Investment Research lowered GoDaddy from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG boosted their target price on GoDaddy from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.86.

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In related news, EVP Nima Kelly sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $41.80, for a total transaction of $41,800.00. Following the completion of the sale, the executive vice president now directly owns 32,744 shares of the company’s stock, valued at approximately $1,368,699.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Barbara J. Rechterman sold 35,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $40.61, for a total transaction of $1,421,350.00. Following the sale, the insider now directly owns 68,108 shares of the company’s stock, valued at $2,765,865.88. The disclosure for this sale can be found here. In the last three months, insiders sold 722,846 shares of company stock worth $30,565,529. Insiders own 25.70% 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.

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

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