Endurance International Group (NASDAQ:EIGI) Upgraded to “Hold” by ValuEngine

Endurance International Group (NASDAQ:EIGI) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, May 2nd.

A number of other brokerages have also recently commented on EIGI. Zacks Investment Research cut Endurance International Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Oppenheimer reduced their price objective on Endurance International Group from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Credit Suisse Group raised their price objective on Endurance International Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, May 2nd. Morgan Stanley cut their target price on Endurance International Group from $8.00 to $7.75 and set an “underweight” rating on the stock in a research report on Wednesday, February 14th. Finally, BidaskClub raised Endurance International Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.43.

Shares of Endurance International Group opened at $9.10 on Wednesday, according to MarketBeat Ratings. Endurance International Group has a 1 year low of $8.80 and a 1 year high of $8.95. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 12.77.

Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Tuesday, May 1st. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.05. The business had revenue of $291.36 million during the quarter, compared to the consensus estimate of $290.84 million. Endurance International Group had a negative return on equity of 85.30% and a negative net margin of 6.74%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. sell-side analysts forecast that Endurance International Group will post -0.1 EPS for the current year.

In other Endurance International Group news, insider David C. Bryson sold 4,888 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $7.30, for a total value of $35,682.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO John Orlando sold 20,893 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $7.30, for a total value of $152,518.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,320 shares of company stock worth $1,396,746. Corporate insiders own 58.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Endurance International Group by 0.5% in the 4th quarter. BlackRock Inc. now owns 3,737,112 shares of the software maker’s stock worth $31,391,000 after purchasing an additional 17,124 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Endurance International Group by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 256,416 shares of the software maker’s stock valued at $2,102,000 after acquiring an additional 13,381 shares during the period. Profund Advisors LLC boosted its holdings in Endurance International Group by 7.2% during the 4th quarter. Profund Advisors LLC now owns 130,654 shares of the software maker’s stock valued at $1,097,000 after acquiring an additional 8,807 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in Endurance International Group during the 4th quarter valued at about $141,000. Finally, First Trust Advisors LP boosted its holdings in Endurance International Group by 3.4% during the 4th quarter. First Trust Advisors LP now owns 4,743,982 shares of the software maker’s stock valued at $39,849,000 after acquiring an additional 157,922 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

About Endurance International Group

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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