Marc Montagner Sells 8,333 Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) Stock

Endurance International Group Holdings Inc (NASDAQ:EIGI) CFO Marc Montagner sold 8,333 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $7.40, for a total transaction of $61,664.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Marc Montagner also recently made the following trade(s):

  • On Wednesday, April 17th, Marc Montagner sold 73,008 shares of Endurance International Group stock. The stock was sold at an average price of $6.42, for a total transaction of $468,711.36.
  • On Monday, February 11th, Marc Montagner sold 7,851 shares of Endurance International Group stock. The shares were sold at an average price of $7.55, for a total transaction of $59,275.05.

Shares of EIGI opened at $6.38 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 10.15. Endurance International Group Holdings Inc has a 12-month low of $5.87 and a 12-month high of $10.95. The firm has a market capitalization of $918.62 million, a P/E ratio of 212.67 and a beta of 1.29.

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

A number of institutional investors have recently added to or reduced their stakes in EIGI. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Endurance International Group by 92.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,453 shares of the software maker’s stock valued at $30,000 after acquiring an additional 2,144 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Endurance International Group in the 4th quarter valued at approximately $57,000. Amalgamated Bank bought a new stake in shares of Endurance International Group during the 4th quarter worth approximately $70,000. HRT Financial LLC purchased a new position in Endurance International Group during the 4th quarter worth $80,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Endurance International Group by 763.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,500 shares of the software maker’s stock worth $120,000 after purchasing an additional 14,588 shares during the period. 92.60% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Endurance International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Zacks Investment Research lowered shares of Endurance International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Finally, Goldman Sachs Group upgraded shares of Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price objective on the stock in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Endurance International Group currently has an average rating of “Hold” and a consensus price target of $8.63.

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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.

Further Reading: Are sell-side analysts objective?

Insider Buying and Selling by Quarter for Endurance International Group (NASDAQ:EIGI)

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