Could Godaddy Inc Class A (NYSE:GDDY) Skyrocket? The Stock Had Too Little Sellers

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 0.49% or $0.4 during the last trading session, reaching $81.58. About 870,796 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since April 30, 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 $14.45 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 181.29 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 Wednesday, February 20 by SunTrust. J.P. Morgan maintained the stock with “Hold” rating in Thursday, February 21 report. The firm earned “Buy” rating on Thursday, February 21 by Oppenheimer. On Thursday, February 21 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Overweight” rating by Morgan Stanley given on Thursday, February 21. Piper Jaffray maintained it with “Buy” rating and $97 target in Thursday, February 21 report. As per Thursday, February 21, the company rating was maintained by JMP Securities. The firm earned “Buy” rating on Thursday, February 21 by Citigroup. RBC Capital Markets maintained it with “Buy” rating and $82 target in Thursday, February 21 report.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Seekingalpha.com which released: “GoDaddy -4 despite Q2 beats, upside guide; net income attributable down Y/Y – Seeking Alpha” on August 02, 2018, also Bizjournals.com with their article: “Private equity firms put millions of GoDaddy shares on the block – Phoenix Business Journal” published on February 26, 2019, Benzinga.com published: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” on February 20, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Seekingalpha.com and their article: “GoDaddy Inc. (GDDY) CEO Scott Wagner on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on November 06, 2018 as well as Globenewswire.com‘s news article titled: “Investor Expectations to Drive Momentum within GoDaddy, MDU Resources Group, Enerplus, Quorum Health, Resonant, and TOCAGEN INC — Discovering Underlying Factors of Influence – GlobeNewswire” with publication date: April 16, 2019.