GoDaddy Inc. (GDDY): The Short Thesis Is Dying

Wall Street analysts will be watching closely when GoDaddy Inc. (NYSE:GDDY) reports its quarterly earnings next, which is scheduled for Thu 28 Feb (In 46 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.19 per share. In the preceding quarter, the company reportedly generated EPS of $0.08 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 5.10%, a profit margin of 5.00% and a gross margin of 66.30%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of GoDaddy Inc. (NYSE:GDDY). Most recently, on October 11th, 2018, Citigroup Upgrade a Buy rating. Before that, on September 14th, 2018, Wedbush Initiated to Neutral. Goldman Initiated a Buy rating on March 23rd, 2018, B. Riley FBR, Inc. Reiterated an Buy rating on February 23rd, 2018, and JP Morgan Downgrade a Neutral rating on December 12th, 2017.

At its current price point, combined with the fact that this company has 175.88M shares outstanding, the current market capitalization sits at 11.09B. In the last trading day, 771,913 shares of GoDaddy Inc. were traded, which compares to its usual volume of about 1.73M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.46 in the past five trading days, resulting in a percentage change of +0.73% and a moving average of 63.44. In the past 20 days, its price changed by -$2.16 (which is -3.31%) and the stock’s moving average was 62.64. Looking back a full 50 days, shares of GDDY changed by -$4.69 (which is -6.92%) and demonstrated a moving average of 64.43.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 62.58%, a 14-day Stochastic %K score of 70.71% and a 20-day Stochastic %K score of 67.16%. Using a similar metric, GoDaddy Inc. (GDDY) shares showed a Stochastic %D of 63.27% over the past 9 days, a Stochastic %D score of 70.40% over the last 14 days, and a 20-day Stochastic %D of 66.21%. Meanwhile, this stock’s MACD Oscillator was 0.33 over the past 9 days, 0.68 over the past two weeks, and 0.85 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $63.06 level. Over the past 12 months, this stock has experienced a high price of $84.97 and a low of $49.93. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from GoDaddy Inc. (NYSE:GDDY) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 13,729,926 shares of the company’s stock following the addition of 1,470,112 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 8.21% stake in GoDaddy Inc. (GDDY)’s shares.

Just in the most recent trading day, GoDaddy Inc. (NYSE:GDDY) experienced a high price of $63.9 and low point of $62.6. At the end of the last trading session, this stock was at 63.06 per share, following a loss of -$0.36, or -1.35% during the full day.