Several other research analysts also recently weighed in on the stock. Goldman Sachs Group upgraded shares of Endurance International Group from a sell rating to a neutral rating and set a $7.50 price target for the company in a research report on Wednesday, March 27th. Zacks Investment Research cut Endurance International Group from a hold rating to a strong sell rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $8.63.
NASDAQ:EIGI traded down $0.14 during trading hours on Friday, reaching $6.20. The company’s stock had a trading volume of 230,713 shares, compared to its average volume of 510,607. The company has a market capitalization of $909.98 million, a price-to-earnings ratio of 206.67 and a beta of 1.29. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 10.15. Endurance International Group has a 12 month low of $5.87 and a 12 month high of $10.95.
In other Endurance International Group news, CMO John Orlando sold 21,697 shares of Endurance International Group stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $6.42, for a total value of $139,294.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Timothy S. Mathews sold 4,603 shares of Endurance International Group stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $6.42, for a total value of $29,551.26. The disclosure for this sale can be found here. Insiders have sold 133,011 shares of company stock worth $878,471 in the last quarter. Insiders own 50.80% of the company’s stock.
Several large investors have recently made changes to their positions in EIGI. AXA lifted its stake in Endurance International Group by 13.8% in the 3rd quarter. AXA now owns 356,008 shares of the software maker’s stock valued at $3,133,000 after buying an additional 43,208 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Endurance International Group by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 931,069 shares of the software maker’s stock valued at $6,191,000 after acquiring an additional 67,174 shares during the period. Renaissance Technologies LLC increased its stake in shares of Endurance International Group by 5.1% during the third quarter. Renaissance Technologies LLC now owns 3,436,579 shares of the software maker’s stock valued at $30,242,000 after acquiring an additional 165,206 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Endurance International Group by 34.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock valued at $15,174,000 after acquiring an additional 441,542 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in Endurance International Group by 7.2% during the third quarter. Teachers Advisors LLC now owns 133,340 shares of the software maker’s stock worth $1,173,000 after buying an additional 8,915 shares in the last quarter. 92.60% 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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