Endurance International Group (EIGI) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Endurance International Group (NASDAQ:EIGI) from a sell rating to a hold rating in a research note issued to investors on Saturday, March 30th, BidAskClub reports.

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.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings data on Thursday, February 7th. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. The firm had revenue of $282.40 million for the quarter, compared to analyst estimates of $283.21 million. Endurance International Group had a negative net margin of 0.23% and a negative return on equity of 1.68%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. On average, sell-side analysts expect that Endurance International Group will post -0.02 EPS for the current year.

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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