GoDaddy Inc. (NYSE:GDDY – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,570,000 shares, a growth of 22.7% from the May 31st total of 2,910,000 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 2.0 days.
GoDaddy Stock Up 1.0 %
Shares of NYSE:GDDY traded up $1.46 during trading on Tuesday, hitting $142.96. The company’s stock had a trading volume of 1,737,393 shares, compared to its average volume of 1,697,364. The business has a 50 day moving average price of $135.52 and a two-hundred day moving average price of $120.88. The company has a market capitalization of $20.40 billion, a PE ratio of 11.87 and a beta of 1.14. The company has a debt-to-equity ratio of 9.15, a quick ratio of 0.55 and a current ratio of 0.55. GoDaddy has a fifty-two week low of $69.18 and a fifty-two week high of $143.37.
GoDaddy (NYSE:GDDY – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.00 by $0.08. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. GoDaddy had a net margin of 40.38% and a negative return on equity of 186.09%. As a group, research analysts expect that GoDaddy will post 4.82 EPS for the current fiscal year.
Insider Activity
Hedge Funds Weigh In On GoDaddy
Several institutional investors have recently modified their holdings of GDDY. V Square Quantitative Management LLC acquired a new position in shares of GoDaddy during the fourth quarter worth $28,000. GAMMA Investing LLC grew its stake in shares of GoDaddy by 102.3% during the first quarter. GAMMA Investing LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 133 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of GoDaddy during the fourth quarter worth $33,000. Massmutual Trust Co. FSB ADV grew its stake in shares of GoDaddy by 140.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 351 shares of the technology company’s stock worth $37,000 after purchasing an additional 205 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in shares of GoDaddy during the first quarter worth $45,000. Institutional investors and hedge funds own 90.28% of the company’s stock.
Analysts Set New Price Targets
GDDY has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of GoDaddy from $136.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Robert W. Baird lifted their price target on shares of GoDaddy from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Piper Sandler lifted their price target on shares of GoDaddy from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Citigroup lifted their price target on shares of GoDaddy from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Finally, Royal Bank of Canada lifted their price target on shares of GoDaddy from $124.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.92.
Check Out Our Latest Stock Report on GDDY
GoDaddy Company Profile
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.
Read More
- Five stocks we like better than GoDaddy
- Ride Out The Recession With These Dividend KingsĀ
- RXO Shares Surge Following New Acquisition Deal
- Health Care Stocks Explained: Why You Might Want to Invest
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- Dividend Capture Strategy: What You Need to Know
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.