What Will Happen to Godaddy Inc Class A (NYSE:GDDY) Next? The Stock Has Decline in Shorts

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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 5.94M 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 decreased 0.20% or $0.15 during the last trading session, reaching $73.12. About 1.10M shares traded. GoDaddy Inc. (NYSE:GDDY) has risen 24.16% since March 9, 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 $13.09 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 162.49 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 10 analysts covering GoDaddy (NYSE:GDDY), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. GoDaddy has $97 highest and $82 lowest target. $87.40’s average target is 19.53% above currents $73.12 stock price. GoDaddy had 13 analyst reports since September 14, 2018 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Thursday, October 11. The company was maintained on Thursday, February 21 by Piper Jaffray. The rating was maintained by JMP Securities with “Buy” on Thursday, February 21. The rating was maintained by Barclays Capital with “Overweight” on Thursday, February 21. The firm has “Hold” rating given on Thursday, February 21 by J.P. Morgan. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, February 21 report. Oppenheimer maintained the stock with “Buy” rating in Thursday, February 21 report. SunTrust maintained GoDaddy Inc. (NYSE:GDDY) rating on Wednesday, February 20. SunTrust has “Buy” rating and $87 target. The firm earned “Buy” rating on Thursday, February 21 by Citigroup. Morgan Stanley maintained it with “Overweight” rating and $94 target 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 Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 20, 2019, also Prnewswire.com with their article: “Ayesha Curry Unveils New Homemade Website and Brand, Powered by GoDaddy – PRNewswire” published on February 13, 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: Benzinga.com and their article: “10 Biggest Price Target Changes For Thursday – Benzinga” published on February 21, 2019 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights GoDaddy, BLACKLINE INC, Columbia Property Trust, Viacom, PPG Industries, and Talend SA — Consolidated Revenues, Company Growth, and Expectations for 2019 – GlobeNewswire” with publication date: February 22, 2019.

GoDaddy Inc. (NYSE:GDDY) Ratings Chart

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