Trail market in 2021 — Domain stocks
MMX is one bright spot in the industry.
Major domain name stocks are treading water this year despite the up markets.
I analyzed prices from the December 31 close last year to the market close yesterday, June 9. During that period, the Dow is up 13%, the S&P is up 12% and the NASDAQ is up 8%.
MMX is up due to the GoDaddy buyout, but other stocks are either neutral or down. Here’s a look, ranked by gains for the year.
MMX (London AIM: MMX): Minds + Machines (MMX) is the one bright spot this year following GoDaddy disclosed it’s acquiring substantially all of its assets. Shares are up 46%.
Tucows (NASDAQ: TCX): Shares in the firm that owns Enom have increased 5% so far this year. Its yearly financial comparisons are hard to read since the firm sold its mobile business last year on an earn-out deal.
Verisign (NASDAQ: VRSN): Verisign is trading neutral for the year, up 1%. It surprised the market with improved guidance following Q1. Analysts and stockholders ought to have by now priced in the 7% price increase for .com that goes into effect on September 1.
GoDaddy (NYSE: GDDY): GoDaddy is treading water this year, down 2%.
Clarivate (NYSE: CCC): Clarivate is kind of, sort of a domain firm. It owns MarkMonitor. It was a SPAC ahead of SPACs were cool. Shares are down 11% so far this year.
CentralNic (London AIM: CNIC): CentralNic’s shares are down 12% so far this year. The firm notes strong growth as the mix of the firm has changed with a focus on online advertising businesses.
NameSilo (OTC: URLOF): NameSilo is down 22% this year. The firm disclosed last year that it signed a non-binding letter of intent to be purchased, but that has not progressed to a definitive agreement as of April 5 this year.
I do not own individual shares in publicly-traded domain name firms to avoid a conflict of interest. Mutual funds I own, counting index funds, do hold some of these stocks.
