Godaddy Inc Class A (NYSE:GDDY) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Godaddy Inc Class A (NYSE:GDDY) registered a decrease of 2.39% in short interest. GDDY’s total short interest was 5.94M shares in July as published by FINRA. Its down 2.39% from 6.09M shares, reported previously. With 1.26M shares average volume, it will take short sellers 5 days to cover their GDDY’s short positions.

The stock increased 0.75% or $0.56 during the last trading session, reaching $74.8. About 905,527 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 9.93% since July 27, 2018 and is uptrending. It has outperformed by 5.50% the S&P500.

GoDaddy Inc. designs and develops cloud technology products for small businesses, Web design professionals, and individuals in the United States and internationally. The company has market cap of $13.26 billion. It provides domain name registration product that enables to engage clients at the initial stage of establishing a digital identity; hosting and presence products, such as shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, and security. It has a 150.5 P/E ratio. The firm also offers Website builder, an online tool that enables clients to build Websites; online store product that allows clients to create their own standalone Website with an integrated online store optimized for mobile shopping; and search engine visibility product that helps clients get their Websites found on search sites through search engine optimization.

GoDaddy Inc. (NYSE:GDDY) Ratings Coverage

Among 9 analysts covering GoDaddy (NYSE:GDDY), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. GoDaddy had 12 analyst reports since February 20, 2019 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, February 21 with “Buy”. The firm earned “Overweight” rating on Thursday, February 21 by Barclays Capital. The stock of GoDaddy Inc. (NYSE:GDDY) has “Buy” rating given on Thursday, February 21 by Piper Jaffray. The firm has “Buy” rating given on Wednesday, February 20 by SunTrust. The stock of GoDaddy Inc. (NYSE:GDDY) has “Overweight” rating given on Thursday, February 21 by Morgan Stanley. The rating was maintained by JMP Securities on Thursday, February 21 with “Buy”. The firm earned “Buy” rating on Thursday, February 21 by RBC Capital Markets. J.P. Morgan maintained the stock with “Hold” rating in Thursday, February 21 report. Oppenheimer maintained it with “Buy” rating and $87 target in Thursday, February 21 report.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Benzinga.com which released: “Q1 Earnings Outlook For GoDaddy – Benzinga” on May 02, 2019, also Finance.Yahoo.com with their article: “Hedge Funds Have Never Been More Bullish On Godaddy Inc (GDDY) – Yahoo Finance” published on June 18, 2019, Fool.com published: “GoDaddy Inc. Earnings: More Users, and Each One Is Paying More, Too – The Motley Fool” on November 08, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Fool.com and their article: “3 Reasons Why GoDaddy Stock Keeps Hitting New Highs – Motley Fool” published on September 05, 2018 as well as Seekingalpha.com‘s news article titled: “GoDaddy offering 10.4M shares from selling stockholders – Seeking Alpha” with publication date: August 14, 2018.