Is Buying Godaddy Inc Class A (NYSE:GDDY) Here Good Idea? – Thorold News

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 January as published by FINRA. Its up 34.79% from 5.01M shares, reported previously. With 2.27 million shares average volume, it will take short sellers 3 days to cover their GDDY’s short positions.

The stock decreased 2.42% or $1.54 during the last trading session, reaching $62.11. About 225,416 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 34.41% since January 8, 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 $10.78 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 83.82 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 4 analysts covering GoDaddy (NYSE:GDDY), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. GoDaddy had 5 analyst reports since July 23, 2018 according to SRatingsIntel. The company was maintained on Monday, August 6 by Morgan Stanley. The company was maintained on Monday, July 23 by Barclays Capital. Citigroup upgraded GoDaddy Inc. (NYSE:GDDY) on Thursday, October 11 to “Buy” rating.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Investorplace.com which released: “Even If It Stays Competitive, Shopify Stock Has Valuation Problems – Investorplace.com” on December 19, 2018, also Seekingalpha.com with their article: “GoDaddy -4 despite Q2 beats, upside guide; net income attributable down Y/Y – Seeking Alpha” published on August 02, 2018, Globenewswire.com published: “Report: Developing Opportunities within Avangrid, GoDaddy, NGL Energy Partners LP, Lazard, Briggs & Stratton, and Celgene — Future Expectations, Projections Moving into 2019 – GlobeNewswire” on December 10, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Bizjournals.com and their article: “ASU business school alum donates $3M for faculty position – Phoenix Business Journal” published on December 27, 2018 as well as Seekingalpha.com‘s news article titled: “Citi upgrades GoDaddy after correction – Seeking Alpha” with publication date: October 11, 2018.