Media coverage about Godaddy (NYSE:GDDY) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Godaddy earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 42.9072529362535 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Insider Selling: Godaddy Inc (GDDY) EVP Sells 699 Shares of Stock (americanbankingnews.com)
- Godaddy Inc (GDDY) Expected to Announce Earnings of $0.09 Per Share (americanbankingnews.com)
- Godaddy Inc (GDDY) Director Rick Kimball Sells 7,102,622 Shares (americanbankingnews.com)
- GoDaddy gets win in lengthy patent case that affects tech industry (finance.yahoo.com)
- Godaddy Inc (GDDY) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
A number of brokerages have recently issued reports on GDDY. B. Riley reissued a “buy” rating and issued a $53.00 target price on shares of Godaddy in a research report on Saturday, August 26th. TheStreet raised shares of Godaddy from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. J P Morgan Chase & Co cut shares of Godaddy from an “overweight” rating to a “neutral” rating and set a $54.00 target price for the company. in a research report on Tuesday. SunTrust Banks began coverage on shares of Godaddy in a research report on Tuesday, August 15th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Oppenheimer reissued a “buy” rating and issued a $53.00 target price (up previously from $50.00) on shares of Godaddy in a research report on Tuesday, November 7th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.43.
In other news, insider Barbara J. Rechterman sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $43.05, for a total value of $1,506,750.00. Following the completion of the transaction, the insider now owns 50,427 shares of the company’s stock, valued at $2,170,882.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nima Kelly sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $43.31, for a total value of $43,310.00. Following the completion of the transaction, the executive vice president now directly owns 29,934 shares of the company’s stock, valued at approximately $1,296,441.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,830,845 shares of company stock valued at $368,584,122. Insiders own 22.68% of the company’s stock.
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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.
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