Bullish Options Activity on Godaddy Inc Surges After Better Fundamentals

 Bullish Options Activity on Godaddy Inc Surges After Better Fundamentals

In today’s session Godaddy Inc (GDDY) registered an unusually high (300) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious GDDY increase. With 300 contracts traded and 22114 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: GDDY161216C00035000 closed last at: $2.35 or 14.6% up. About 28,785 shares traded hands. Godaddy Inc (NYSE:GDDY) has risen 18.92% since April 26, 2016 and is uptrending. It has outperformed by 13.66% the S&P500.

Analysts await Godaddy Inc (NYSE:GDDY) to report earnings on February, 15. GDDY’s profit will be $9.85M for 150.54 P/E if the $0.06 EPS becomes a reality. After $0.05 actual EPS reported by Godaddy Inc for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

Godaddy Inc (NYSE:GDDY) Ratings Coverage

Out of 15 analysts covering GoDaddy Inc (NYSE:GDDY), 11 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 73% are positive. $45 is the highest target while $31 is the lowest. The $38.77 average target is 7.31% above today’s ($36.13) stock price. GoDaddy Inc has been the topic of 28 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Friday, August 7 by Piper Jaffray. Citigroup maintained Godaddy Inc (NYSE:GDDY) on Monday, August 31 with “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $33 target price in Thursday, August 6 report. Singular Research initiated the shares of GDDY in a report on Tuesday, April 5 with “Sell” rating. The stock of Godaddy Inc (NYSE:GDDY) earned “Outperform” rating by Oppenheimer on Thursday, August 6. The rating was initiated by Summit Redstone with “Buy” on Monday, October 3. B. Riley & Co upgraded Godaddy Inc (NYSE:GDDY) on Tuesday, November 22 to “Buy” rating. The stock of Godaddy Inc (NYSE:GDDY) has “Buy” rating given on Thursday, October 22 by UBS. Cantor Fitzgerald initiated it with “Buy” rating and $42 target price in Wednesday, October 19 report. On Thursday, November 5 the stock rating was maintained by Deutsche Bank with “Buy”.

According to Zacks Investment Research, “GoDaddy, Inc. is engaged in the designing and development of cloud-based technology products for small businesses, Web design professionals and individuals. The Company’s products include domain, hosting and presence and business applications. GoDaddy, Inc. is headquartered in Scottsdale, Arizona.”

GoDaddy Inc. is a technology provider to small businesses, Web design professionals and individuals. The company has a market cap of $5.93 billion. The Firm delivers cloud products and personalized customer care. It currently has negative earnings. The Firm operates a domain marketplace, where its clients can find the digital real estate that matches their idea.

GDDY Company Profile

GoDaddy Inc., incorporated on May 28, 2014, is a technology well-known provider to small businesses, Web design professionals and individuals. The Firm delivers cloud products and personalized customer care. The Firm operates a domain marketplace, where its clients can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help clients construct and protect online presence. It provides applications that enable connecting to clients and managing businesses. The Firm provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. The Firm provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products.

More important recent Godaddy Inc (NYSE:GDDY) news were published by: Marketwatch.com which released: “GoDaddy downgraded to neutral from buy on valuation concerns” on November 01, 2016, also Marketwatch.com published article titled: “GoDaddy narrows losses as revenue surges”, Prnewswire.com published: “GoDaddy Inc. Announces Third Quarter 2016 Earnings Conference Call” on October 11, 2016. More interesting news about Godaddy Inc (NYSE:GDDY) was released by: Reuters.com and their article: “GoDaddy in exclusive talks to buy Host Europe: sources” with publication date: November 24, 2016.

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