BidaskClub Downgrades Endurance International Group (NASDAQ:EIGI) to Hold

BidaskClub cut shares of Endurance International Group (NASDAQ:EIGI) from a buy rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Endurance International Group from a hold rating to a sell rating in a research note on Monday, September 16th. Zacks Investment Research lowered shares of Endurance International Group from a hold rating to a strong sell rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $8.63.

NASDAQ EIGI opened at $4.01 on Tuesday. The company has a debt-to-equity ratio of 11.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $585.68 million, a PE ratio of 133.67 and a beta of 1.20. Endurance International Group has a one year low of $3.76 and a one year high of $10.06. The firm’s fifty day moving average is $4.96 and its two-hundred day moving average is $5.42.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $278.20 million for the quarter, compared to analyst estimates of $279.72 million. Endurance International Group had a negative net margin of 2.07% and a positive return on equity of 5.21%. Endurance International Group’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. Research analysts predict that Endurance International Group will post -0.23 earnings per share for the current year.

In other news, major shareholder Opportunistic Value Fun Okumus bought 30,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were acquired at an average price of $4.30 per share, with a total value of $129,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marc Montagner sold 9,637 shares of Endurance International Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.54, for a total transaction of $53,388.98. The disclosure for this sale can be found here. 50.60% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Endurance International Group by 578.9% in the second quarter. Bank of Montreal Can now owns 6,063 shares of the software maker’s stock valued at $29,000 after acquiring an additional 5,170 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Endurance International Group during the second quarter worth about $34,000. Jane Street Group LLC purchased a new stake in Endurance International Group during the second quarter worth about $61,000. Parametric Portfolio Associates LLC purchased a new stake in Endurance International Group during the second quarter worth about $71,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Endurance International Group during the second quarter worth about $86,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Endurance International Group Company Profile

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. 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 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.

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