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How to Buy Godaddy Stock

Godaddy Inc

Godaddy is a software infrastructure company located in Arizona, United States, which is part of the Technology sector, and is traded under the ticker GDDY on the NYSE exchange.

Godaddy stock last closed at $123.30, down 2.61% from the previous day, and has increased 61.92% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.45 percentage points. Godaddy stock is currently +82.84% from its 52-week low of $67.44, and -3.03% from its 52-week high of $127.15.

At the moment, there are 142.48M shares of GDDY outstanding. The market value of GDDY is $17.57B. In the last 24 hours, 1.35M GDDY shares were traded.

How to Buy Godaddy Stock

Wondering how to invest in Godaddy stock? Here's how.
  1. Decide where to buy Godaddy stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Godaddy stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your method of payment and add your information.
  4. Research Godaddy stock: The Godaddy ticker symbol is GDDY. Is Godaddy stock a good investment? Should you buy shares of GDDY? How do GDDY's underlying business fundamentals look? Do top analysts think Godaddy is a good buy? Why has GDDY's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if GDDY is a good stock to buy).
  5. Execute your GDDY buy order: Decide if you will purchase GDDY shares at the current market price or use a limit order to purchase GDDY stock at a specific price.
  6. Get key alerts regarding your investment in GDDY: Create a watchlist to get the latest news on your new investment in Godaddy shares.

Step 1: Decide where to buy Godaddy stock

You will need a brokerage account to access the NYSE market and buy GDDY shares.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you can buy GDDY today.

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  1. Submit your data by hitting the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have finished signing up on the best investment app, you can securely and quickly fund your account:

Watch the walkthrough below to see the process of transferring money into your new investment account.

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Step 4: Research Godaddy stock

After you have figured out the best place to buy Godaddy stock, it's absolutely critical to research their stock before you invest, so you truly comprehend the risk and upside.

Godaddy quick stats

GDDY Price
$123.30
1w %
-2.1%
1y %
61.92%
5y %
55.74%
P/E
13.3x
P/B
282.44x
P/S
4.3x
PEG
N/A
Revenue
$4.25B
Earnings
$1.37B
Fore. Rev. Growth
6.8%
Fore. Earn. Growth
-4.56%
Market Cap
$17.57B
Next Earnings
May 2, 2024
Next Dividend
N/A

Fundamentals of GDDY

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on GDDY's stock page.

Is GDDY stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge GDDY's intrinsic value.

Using relative valuations metrics:

  • GDDY may be undervalued based on its P/E ratio of 13.3x, relative to Software - Infrastructure industry P/E ratio of 81.28x
  • GDDY could be overvalued based on its P/B ratio of 282.44x, relative to Software - Infrastructure industry P/B ratio of 12.12x

You can access more valuation research on GDDY's stock here.

A look at GDDY Cashflows and Balance Sheet

Positive Health Checks:

  • GDDY's operating cash flow of $1.05B allows it to safely service it's debt of $3.91B.
  • GDDY profit margin has gone up from 8.6% to 32.3% in the past year.

Negative Health Checks:

  • There are more short-term liabilities than short-term assets on the GDDY balance sheet.
  • Total GDDY debt is higher than 5 years ago, relative to shareholder equity.
  • GDDY earnings of $582.00M is not enough to cover its interest payments.
  • There are more long-term liabilities than short-term assets on the GDDY balance sheet.
  • GDDY has a relatively high debt to equity ratio of 120.62.

Do analysts think it's a good time to buy Godaddy stock

Out of 12 Wall Street analysts who give recommendations on GDDY, the consensus analyst rating on Godaddy is a Strong Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Latest GDDY Analyst Recommendations

Mark Zgutowicz, a top 9% analyst from Benchmark reiterates GDDY with a strong buy rating and maintains their GDDY price target from $150.00 to $150.00, on Mar 7, 2024.

Naved Khan, a top 11% analyst from B. Riley Securities reiterates GDDY with a strong buy rating and raises their GDDY price target from $124.00 to $142.00, on Mar 7, 2024.

Clarke Jeffries, a bottom 14% analyst from Piper Sandler maintains GDDY with a strong buy rating and raises their GDDY price target from $130.00 to $145.00, on Mar 7, 2024.

Trevor Young, a top 26% analyst from Barclays maintains GDDY with a strong buy rating and raises their GDDY price target from $125.00 to $130.00, on Feb 20, 2024.

Timothy Chiodo, a top 24% analyst from UBS maintains GDDY with a hold rating and raises their GDDY price target from $110.00 to $118.00, on Feb 14, 2024.

You can dig deeper into what analysts are saying on the Godaddy stock forecast page.

GDDY Technicals

SMA10
124.49
SMA20
122.23
SMA50
116.29
SMA100
109.97
SMA200
92.68
MACD
2.82
MACD Signal
2.88
MACD Histogram
-0.06
RSI
57.18
Stochastic %K
75.91
Stochastic %D
82.76
StochRSI %K
45.01
StochRSI %D
64.44

Is GDDY Making Money?

Last year, GDDY earnings were $1.37B. During the past five year, GDDY's earnings have increased by 79.32% per year. This was slower than the Software - Infrastructure industry average of 132.16%.

Last year, GDDY revenue was $4.25B. Over the past 5 year, GDDY's revenue has gone up by 9.85% per year. This was slower than the Software - Infrastructure industry average of 17.05%.

You can analyze GDDY's earnings and revenue performance here.

Are GDDY executives and large shareholders buying or selling the stock?

In the past year, executives and large shareholders at GDDY have sold more shares than they have bought.

Mark McCaffrey, Chief Financial Officer of GDDY, was the latest GDDY insider to sell. They sold $75,401.04 worth of GDDY shares on Apr 2, 2024.

Get more info about who owns GDDY shares here.

Does GDDY provide a stable income stream?

No, Godaddy doesn't provide an income stream by paying out dividends.

What do other traders have to say about GDDY?

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your GDDY buy order

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount, use a limit order.

Press the Open button and your broker will execute the order.

If you require more assistance investing in stocks on eToro, click the helpful video below:

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Step 6: Get key alerts regarding your investment in GDDY

Now that you own some shares in GDDY, you'll want to keep up with your stock purchase.

Create a watchlist to get notified of the latest news about your GDDY stock.

GDDY Feed

How to Buy Stock in Godaddy

To summarize, here are the 6 steps for buying Godaddy stock:

  1. Decide where to buy Godaddy stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Research Godaddy stock
  5. Execute your GDDY buy order
  6. Get key alerts regarding your investment in GDDY

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Godaddy, get started below.

NYSE: GDDY
$123.30-3.31 (-2.61%)
Updated Apr 12, 2024
Open eToro Account
NYSE: GDDY
$123.30-3.31 (-2.61%)
Updated Apr 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Godaddy share?

As of Apr 12, 2024, it costs $123.30 to buy one share of Godaddy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.081 shares of GDDY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Godaddy stock?

According to 12 Wall Street analysts who monitor Godaddy, their consensus recommendation is to buy Godaddy stock.

What is the best way to buy Godaddy stock?

One way to place an order for Godaddy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.