Could Godaddy Inc Class A (NYSE:GDDY) See a Reversal After Less Sellers Came In?

The stock of Godaddy Inc Class A (NYSE:GDDY) registered a decrease of 2.39% in short interest. GDDY’s total short interest was 5.94 million shares in April 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 1.30% or $1.05 during the last trading session, reaching $81.75. About 1.33 million shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since April 26, 2018 and is uptrending. It has outperformed by 19.79% 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 $14.64 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 181.67 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 11 analyst reports since November 28, 2018 according to SRatingsIntel. The stock of GoDaddy Inc. (NYSE:GDDY) has “Buy” rating given on Thursday, February 21 by RBC Capital Markets. Oppenheimer maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, February 21 with “Buy” rating. The rating was maintained by JMP Securities with “Buy” on Thursday, February 21. Morgan Stanley maintained the shares of GDDY in report on Thursday, February 21 with “Overweight” rating. The rating was maintained by SunTrust with “Buy” on Wednesday, February 20. Barclays Capital maintained it with “Overweight” rating and $82 target in Thursday, February 21 report. As per Thursday, February 21, the company rating was maintained by Piper Jaffray. On Thursday, February 21 the stock rating was maintained by J.P. Morgan with “Hold”. The firm has “Buy” rating given on Thursday, February 21 by Citigroup.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Benzinga.com which released: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” on February 20, 2019, also Fool.com with their article: “GoDaddy Inc. Earnings: More Users, and Each One Is Paying More, Too – The Motley Fool” published on November 08, 2018, Bizjournals.com published: “Private equity firms put millions of GoDaddy shares on the block – Phoenix Business Journal” on February 26, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Globenewswire.com and their article: “Investor Expectations to Drive Momentum within GoDaddy, MDU Resources Group, Enerplus, Quorum Health, Resonant, and TOCAGEN INC — Discovering Underlying Factors of Influence – GlobeNewswire” published on April 16, 2019 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.