Godaddy Inc (NYSE:GDDY):
GoDaddy Inc. To Present At The Barclays Global TMT Conference.
The company is so far trading down by 0.29% percent from yesterday’s close.
GoDaddy Inc., launched on May 28, 2014, is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence. It provides applications that enable connecting to customers and managing businesses. The Company provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. The Company provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products. The Business’s subsidiaries include Desert Newco, LLC and GD Subsidiary Inc..
The P/E ratio is currently 379.87 and the market cap is 8.09B. In the last earnings report the EPS was $0.13 with 166.73M shares currently outstanding.
Investors are a little more bullish on Godaddy Inc lately if you take into consideration the fall in short interest. The firm experienced a fall in short interest of -3.37% as of October 31, 2017 from the last reporting period. Short interest decreased from 7,134,388 to 6,894,303 over that timeframe. Days to cover decreased -2.0 to 6.0 and the percentage of shorted shares is 0.04% as of October 31.
Several Wall Street analysts have weighed in on the company. November 7 investment analysts at B. Riley maintained a stock rating of “Buy” with a current price target of $53.00. Equity analyst Royal Bank Of Canada raised the price target on November 7 changing the price objective from $47.00 to $53.00 and issued a “Outperform” recommendation.
On November 7 Oppenheimer Holdings held the company rating at “Buy” projecting a price of $53.00. Stifel Nicolaus raised the price target on November 7 changing the forecast from $41.00 to $44.00 and stated a “Hold” rating.
Jefferies Group LLC raised the price target of the stock on November 7 boosting the projection from $55.00 to $58.00 with a “Buy” recommendation. October 26 investment analysts at B. Riley made no change to the stock rating of “Buy” targeting a price of $53.00.