GoDaddy Inc. (NYSE:GDDY) Short Interest Up 22.0% in May

GoDaddy Inc. (NYSE:GDDYGet Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 3,000,000 shares, a growth of 22.0% from the April 30th total of 2,460,000 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is currently 2.3 days.

GoDaddy Stock Performance

NYSE GDDY opened at $138.28 on Friday. The stock has a fifty day simple moving average of $127.86 and a 200-day simple moving average of $114.07. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 9.15. The stock has a market cap of $19.73 billion, a PE ratio of 11.49 and a beta of 1.09. GoDaddy has a twelve month low of $69.18 and a twelve month high of $141.27.

GoDaddy (NYSE:GDDYGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Equities analysts anticipate that GoDaddy will post 4.81 earnings per share for the current year.

Analyst Ratings Changes

GDDY has been the subject of a number of recent research reports. StockNews.com raised shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Morgan Stanley raised their price target on shares of GoDaddy from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Royal Bank of Canada upped their price target on shares of GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Piper Sandler boosted their price objective on GoDaddy from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, Raymond James assumed coverage on shares of GoDaddy in a research report on Wednesday, March 27th. They set a “strong-buy” rating and a $150.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.55.

Check Out Our Latest Stock Analysis on GDDY

Insiders Place Their Bets

In other news, CAO Nick Daddario sold 1,823 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $201,514.42. Following the completion of the sale, the chief accounting officer now directly owns 25,263 shares of the company’s stock, valued at approximately $2,792,572.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other GoDaddy news, CFO Mark Mccaffrey sold 4,058 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $133.69, for a total value of $542,514.02. Following the transaction, the chief financial officer now owns 112,473 shares of the company’s stock, valued at approximately $15,036,515.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nick Daddario sold 1,823 shares of GoDaddy stock in a transaction on Monday, March 4th. The stock was sold at an average price of $110.54, for a total value of $201,514.42. Following the sale, the chief accounting officer now owns 25,263 shares of the company’s stock, valued at $2,792,572.02. The disclosure for this sale can be found here. Insiders sold 116,605 shares of company stock valued at $13,120,146 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On GoDaddy

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of GoDaddy in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC grew its position in GoDaddy by 102.3% during the 1st quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 133 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in GoDaddy during the 4th quarter worth $33,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of GoDaddy by 140.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock valued at $37,000 after buying an additional 205 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of GoDaddy during the third quarter worth about $44,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Company Profile

(Get Free Report)

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.

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