Long Term Returns of Jeff Smith’s 5 Activist Targets

In this article, we discuss long-term returns of Jeff Smith’s 5 activist targets. If you want to see more stocks in this selection, check out Long Term Returns of Jeff Smith’s Activist Targets.

5. GoDaddy Inc. (NYSE:GDDY)

Activist Investment: 2021
Long Term Returns: 8.7%
S&P 500 Gain: 17.7%

GoDaddy Inc. (NYSE:GDDY) is a company that designs and develops cloud-based products. The Applications and Commerce segment provides applications and products, including websites and marketing. In late 2021, activist investor Smith announced a 6.5% stake in the company with plans to push the domain registrar to boost its performance

While the activist investor plans could not be learned, it is common knowledge that the find always pushes for companies it believes can help boost margins or improve performance. The hedge fund could also seek board representation as one of the ways of engineering strategic plays to unlock shareholder value.