GoDaddy Inc. (GDDY) is a digital services company headquartered in Tempe, Arizona. Valued at around $18.3 billion by market cap, GoDaddy serves millions of small and micro businesses around the world through domain registration, web-hosting, website-builder tools, SSL certificates and related services.
Shares of GoDaddy have lagged behind the broader market. Over the past 52 weeks, GDDY stock has dipped 25.5%, while the broader S&P 500 Index ($SPX) has gained 12.7%. Moreover, the stock has slipped 33.1% on a year-to-date (YTD) basis, compared to SPX’s 14.4% rise.
