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.
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