Brokerages Set Endurance International Group Holdings Inc (NASDAQ:EIGI) Target Price at $8.83

Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) have been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.83.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. Finally, Goldman Sachs Group raised their price target on shares of Western Digital from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th.

In related news, CMO John Orlando sold 18,754 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $6.32, for a total value of $118,525.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus acquired 403,123 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was acquired at an average cost of $5.08 per share, for a total transaction of $2,047,864.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,107,022 shares of company stock worth $5,597,534 and have sold 58,952 shares worth $370,787. Company insiders own 50.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in Endurance International Group by 15.7% during the 1st quarter. First Trust Advisors LP now owns 6,975,711 shares of the software maker’s stock worth $50,574,000 after acquiring an additional 945,487 shares during the period. BlackRock Inc. raised its stake in Endurance International Group by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,892,768 shares of the software maker’s stock worth $32,535,000 after acquiring an additional 57,290 shares during the period. Dimensional Fund Advisors LP raised its stake in Endurance International Group by 18.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,039,710 shares of the software maker’s stock worth $13,564,000 after acquiring an additional 315,401 shares during the period. Norges Bank bought a new stake in Endurance International Group during the 4th quarter worth approximately $8,058,000. Finally, Geode Capital Management LLC raised its stake in Endurance International Group by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 931,069 shares of the software maker’s stock worth $6,191,000 after acquiring an additional 67,174 shares during the period. 90.99% of the stock is currently owned by institutional investors.

EIGI stock traded down $0.06 during trading on Friday, hitting $4.23. 371,362 shares of the stock traded hands, compared to its average volume of 519,147. Endurance International Group has a 1 year low of $4.14 and a 1 year high of $10.60. The stock has a 50 day simple moving average of $4.77. The stock has a market capitalization of $626.17 million, a PE ratio of 141.00 and a beta of 1.24. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 10.32.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The company had revenue of $280.70 million for the quarter, compared to the consensus estimate of $283.41 million. During the same period in the prior year, the firm posted ($0.02) EPS. Endurance International Group’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Endurance International Group will post -0.09 EPS for the current fiscal year.

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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