Godaddy Inc (NYSE: GDDY): Hunting Genuine Value In Market Debris

Currently, there are 142.05M common shares owned by the public and among those 140.06M shares have been available to trade.

The company’s stock has a 5-day price change of -0.38% and 14.37% over the past three months. GDDY shares are trading 29.67% year to date (YTD), with the 12-month market performance up to 89.80% higher. It has a 12-month low price of $69.18 and touched a high of $142.95 over the same period. GDDY has an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.94%, 4.20%, and 29.24% respectively.

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Institutional ownership of Godaddy Inc (NYSE: GDDY) shares accounts for 97.47% of the company’s 142.05M shares outstanding.

It has a market capitalization of $19.40B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 11.44, while the earnings-per-share (ttm) stands at $12.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.65% over the week and 1.81% over the month.

Earnings per share for the fiscal year are expected to decrease by -29.25%, and -4.16% over the next financial year. EPS should shrink at an annualized rate of -1.90% over the next five years, compared to 84.46% over the past 5-year period.

Looking at the support for the GDDY, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on March 27, 2024, with the firm’s price target at $150. Evercore ISI coverage for the Godaddy Inc (GDDY) stock in a research note released on February 14, 2024 offered a In-line rating with a price target of $110. Piper Sandler was of a view on January 09, 2024 that the stock is Overweight, while RBC Capital Mkts gave the stock Outperform rating on November 22, 2023, issuing a price target of $90- $124. Seaport Research Partners on their part issued Buy rating on October 24, 2023.

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