Godaddy Inc Class A (NYSE:GDDY) Just Reported Decreased Shorts

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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 March 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 0.29% or $0.22 during the last trading session, reaching $75.39. About 1.54M 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.

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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 firm earned “Overweight” rating on Thursday, February 21 by Morgan Stanley. Citigroup maintained the stock with “Buy” rating in Thursday, February 21 report. The company was upgraded on Thursday, October 11 by Citigroup. The stock of GoDaddy Inc. (NYSE:GDDY) has “Overweight” rating given on Thursday, February 21 by Barclays Capital. The stock has “Buy” rating by Piper Jaffray on Thursday, February 21. SunTrust maintained GoDaddy Inc. (NYSE:GDDY) on Wednesday, February 20 with “Buy” rating. J.P. Morgan maintained GoDaddy Inc. (NYSE:GDDY) on Thursday, February 21 with “Hold” rating. The rating was maintained by JMP Securities with “Buy” on Thursday, February 21. The company was maintained on Thursday, February 21 by Oppenheimer. 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 proposes sale of shares of common stock – Seeking Alpha” on February 26, 2019, also 247Wallst.com with their article: “Morgan Stanley Picks 30 Stocks for 2021 – 24/7 Wall St.” published on March 15, 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: Finance.Yahoo.com and their article: “7 Top Stocks to Buy From Goldman Sachs’ Secret Portfolio – Yahoo News” published on March 08, 2019 as well as Seekingalpha.com‘s news article titled: “GoDaddy Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” with publication date: February 20, 2019.

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