ValuEngine Lowers Endurance International Group (EIGI) to Hold

Endurance International Group (NASDAQ:EIGI) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday, July 26th.

Several other equities analysts have also recently commented on EIGI. BidaskClub cut shares of Endurance International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. SunTrust Banks restated a “hold” rating and issued a $8.00 target price on shares of Endurance International Group in a research report on Thursday, July 26th. Zacks Investment Research cut shares of Endurance International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, Credit Suisse Group boosted their target price on shares of Endurance International Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Endurance International Group has a consensus rating of “Hold” and a consensus target price of $8.43.

Shares of Endurance International Group opened at $9.15 on Thursday, Marketbeat reports. Endurance International Group has a twelve month low of $6.95 and a twelve month high of $10.95. The company has a debt-to-equity ratio of 12.31, a quick ratio of 0.41 and a current ratio of 0.41.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $287.80 million during the quarter, compared to analysts’ expectations of $288.38 million. Endurance International Group had a negative net margin of 3.58% and a negative return on equity of 38.34%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.29) EPS. analysts predict that Endurance International Group will post -0.16 EPS for the current year.

Several institutional investors have recently made changes to their positions in EIGI. BlackRock Inc. grew its holdings in shares of Endurance International Group by 24.9% during the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock valued at $46,189,000 after purchasing an additional 924,079 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Endurance International Group by 48.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,708,800 shares of the software maker’s stock valued at $14,354,000 after purchasing an additional 559,200 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Endurance International Group by 39.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,282,767 shares of the software maker’s stock valued at $12,763,000 after purchasing an additional 362,233 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Endurance International Group during the 1st quarter valued at approximately $1,633,000. Finally, Millennium Management LLC grew its holdings in shares of Endurance International Group by 165.8% during the 4th quarter. Millennium Management LLC now owns 337,639 shares of the software maker’s stock valued at $2,836,000 after purchasing an additional 210,616 shares during the last quarter. 89.04% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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