Endurance International Group Holdings Inc (NASDAQ:EIGI) Receives Average Recommendation of “Hold” from Analysts

Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.83.

A number of brokerages recently issued reports on EIGI. BidaskClub raised Endurance International Group from a “sell” rating to a “hold” rating in a report on Monday, June 17th. ValuEngine lowered Endurance International Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Endurance International Group from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, Goldman Sachs Group raised Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price objective for the company in a report on Wednesday, March 27th.

Shares of Endurance International Group stock traded down $0.01 on Tuesday, reaching $4.95. 443,788 shares of the company were exchanged, compared to its average volume of 561,120. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a 50-day moving average price of $4.80. The stock has a market capitalization of $779.43 million, a price-to-earnings ratio of 168.33 and a beta of 1.26. Endurance International Group has a 1-year low of $4.22 and a 1-year high of $10.95.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Endurance International Group had a return on equity of 0.60% and a net margin of 0.09%. The business had revenue of $280.70 million during the quarter, compared to analyst estimates of $283.41 million. During the same period in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts forecast that Endurance International Group will post -0.05 earnings per share for the current year.

In other news, major shareholder Opportunistic Value Fun Okumus purchased 114,200 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $4.83 per share, with a total value of $551,586.00. The transaction 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 the stock in a transaction 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. Over the last three months, insiders purchased 1,077,022 shares of company stock valued at $5,468,534 and sold 182,903 shares valued at $1,184,132. Corporate insiders own 50.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Endurance International Group by 92.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,453 shares of the software maker’s stock valued at $30,000 after purchasing an additional 2,144 shares in the last quarter. Amalgamated Bank bought a new position in Endurance International Group during the 4th quarter valued at $70,000. HRT Financial LLC bought a new position in Endurance International Group during the 4th quarter valued at $80,000. BNP Paribas Arbitrage SA boosted its stake 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 valued at $120,000 after purchasing an additional 14,588 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Endurance International Group by 290.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 19,984 shares of the software maker’s stock valued at $133,000 after purchasing an additional 14,862 shares in the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.

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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