The stock of Godaddy Inc Class A (NYSE:GDDY) registered an increase of 34.79% in short interest. GDDY’s total short interest was 6.75M shares in February as published by FINRA. Its up 34.79% from 5.01 million shares, reported previously. With 2.27M shares average volume, it will take short sellers 3 days to cover their GDDY’s short positions.
The stock decreased 0.48% or $0.33 during the last trading session, reaching $68.3. About 1.60 million shares traded or 1.67% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since February 3, 2018 and is uptrending. It has outperformed by 34.41% 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 $11.85 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 92.17 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 3 analysts covering GoDaddy (NYSE:GDDY), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. GoDaddy has $8800 highest and $81 lowest target. $86.50’s average target is 26.65% above currents $68.3 stock price. GoDaddy had 4 analyst reports since August 6, 2018 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Thursday, October 11. The company was maintained on Monday, August 6 by Morgan Stanley.
More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Bizjournals.com which released: “Bob Parsons to step down from GoDaddy board – Phoenix Business Journal” on October 03, 2018, also Seekingalpha.com with their article: “GoDaddy offering 10.4M shares from selling stockholders – Seeking Alpha” published on August 14, 2018, 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: Investorplace.com and their article: “High Multiples and Lack of Moat Make Godaddy Inc a Stock to Avoid – Investorplace.com” published on April 14, 2018 as well as Seekingalpha.com‘s news article titled: “Don’t GoDaddy: Too Risky – Seeking Alpha” with publication date: January 27, 2017.
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