Godaddy Inc Class A (NYSE:GDDY) Can’t Be Less Risky. Short Interest Decreased

GoDaddy Inc. (NYSE:GDDY) Logo

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 March as published by FINRA. Its down 2.39% from 6.09M shares, reported previously. With 1.26 million shares average volume, it will take short sellers 5 days to cover their GDDY’s short positions.

The stock increased 0.29% or $0.22 during the last trading session, reaching $75.39. About 1.54 million shares traded or 0.29% up from the average. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since March 15, 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 $13.50 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 167.53 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 October 11, 2018 according to SRatingsIntel. The company was maintained on Thursday, February 21 by RBC Capital Markets. Morgan Stanley maintained the shares of GDDY in report on Thursday, February 21 with “Overweight” rating. J.P. Morgan maintained the stock with “Hold” rating in Thursday, February 21 report. The firm has “Buy” rating by Oppenheimer given on Thursday, February 21. Barclays Capital maintained the stock with “Overweight” rating in Thursday, February 21 report. On Thursday, October 11 the stock rating was upgraded by Citigroup to “Buy”. The rating was maintained by Citigroup with “Buy” on Thursday, February 21. The stock of GoDaddy Inc. (NYSE:GDDY) has “Buy” rating given on Thursday, February 21 by JMP Securities. The rating was maintained by Piper Jaffray with “Buy” on Thursday, February 21. As per Wednesday, February 20, the company rating was maintained by SunTrust.

More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Investorplace.com which released: “6 of the Most Expensive Stocks That Could Go On Sale – Investorplace.com” on March 08, 2019, also Seekingalpha.com with their article: “GoDaddy Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 20, 2019, Finance.Yahoo.com published: “7 Top Stocks to Buy From Goldman Sachs’ Secret Portfolio – Yahoo News” on March 08, 2019. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Seekingalpha.com and their article: “GoDaddy proposes sale of shares of common stock – Seeking Alpha” published on February 26, 2019 as well as Bizjournals.com‘s news article titled: “Private equity firms put millions of GoDaddy shares on the block – Phoenix Business Journal” with publication date: February 26, 2019.

GoDaddy Inc. (NYSE:GDDY) Ratings Chart

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