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 $123.83, up 0.35% from the previous day, and has increased 62.49% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.48 percentage points. Godaddy stock is currently +83.63% from its 52-week low of $67.44, and -2.61% 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 $17.64B. In the last 24 hours, 991,446 GDDY shares were traded.
How to Buy Godaddy Stock
Wondering how to invest in Godaddy stock? Here's how.
- 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.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your method of payment and add your information.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 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.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
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.
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
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 13.36x, relative to Software - Infrastructure industry P/E ratio of 77.6x
- GDDY could be overvalued based on its P/B ratio of 283.65x, relative to Software - Infrastructure industry P/B ratio of 11.8x
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 11 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 10% 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 10% 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 33% 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
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 141.57%.
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 17.1%.
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:
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:
- Decide where to buy Godaddy stock
- Create your brokerage account
- Put funds into your brokerage account
- Research Godaddy stock
- Execute your GDDY buy order
- Get key alerts regarding your investment in GDDY
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your new investment in Godaddy, get started below.
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