Does Godaddy Inc Class A (NYSE:GDDY) Have Gas After Even Less Sellers Involved?

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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 0.19% or $0.14 during the last trading session, reaching $74.69. About 286,369 shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since April 8, 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 $13.37 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 165.98 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 stock of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by Piper Jaffray on Thursday, February 21. The firm earned “Buy” rating on Thursday, February 21 by RBC Capital Markets. The company was upgraded on Thursday, October 11 by Citigroup. JMP Securities maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, February 21 with “Buy” rating. As per Thursday, February 21, the company rating was maintained by J.P. Morgan. The stock of GoDaddy Inc. (NYSE:GDDY) earned “Buy” rating by Citigroup on Thursday, February 21. SunTrust maintained the shares of GDDY in report on Wednesday, February 20 with “Buy” rating. The stock has “Buy” rating by Oppenheimer on Thursday, February 21. On Thursday, February 21 the stock rating was maintained by Barclays Capital with “Overweight”. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, February 21 report.

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More notable recent GoDaddy Inc. (NYSE:GDDY) news were published by: Seekingalpha.com which released: “GoDaddy proposes sale of shares of common stock – Seeking Alpha” on February 26, 2019, also Bizjournals.com with their article: “8 Arizona companies ranked on annual Corporate Equality Index – Phoenix Business Journal” published on March 31, 2019, Seekingalpha.com published: “GoDaddy +3.5% on Q1 rev beat, upside Q2 and FY guidance – Seeking Alpha” on May 09, 2018. More interesting news about GoDaddy Inc. (NYSE:GDDY) were released by: Benzinga.com and their article: “GODADDY, INC. (NYSE:GDDY) – Q4 Earnings Preview For GoDaddy – Benzinga” published on February 20, 2019 as well as Fool.com‘s news article titled: “3 Reasons Why GoDaddy Stock Keeps Hitting New Highs – Motley Fool” with publication date: September 05, 2018.

GoDaddy Inc. (NYSE:GDDY) Ratings Chart

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