Endurance International Group (NASDAQ:EIGI) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Endurance International Group (NASDAQ:EIGI) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

EIGI has been the topic of several other reports. Zacks Investment Research cut shares of Endurance International Group from a buy rating to a hold rating in a research report on Monday, April 15th. BidaskClub upgraded shares of Endurance International Group from a sell rating to a hold rating in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $8.63.

Shares of NASDAQ EIGI traded down $0.22 during mid-day trading on Thursday, hitting $5.07. 516,862 shares of the company’s stock traded hands, compared to its average volume of 349,754. The business has a 50-day moving average of $4.82. The company has a debt-to-equity ratio of 10.32, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $740.02 million, a P/E ratio of 169.00 and a beta of 1.22. Endurance International Group has a 1 year low of $4.13 and a 1 year high of $10.30.

Endurance International Group (NASDAQ:EIGI) last announced its earnings results on Thursday, August 1st. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. The firm had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $279.72 million. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, equities analysts expect that Endurance International Group will post -0.09 EPS for the current fiscal year.

In other news, major shareholder Opportunistic Value Fun Okumus purchased 403,123 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $5.08 per share, for a total transaction of $2,047,864.84. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Okumus Fund Management Ltd. purchased 148,521 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of $5.06 per share, for a total transaction of $751,516.26. The disclosure for this purchase can be found here. Insiders have bought a total of 1,107,022 shares of company stock worth $5,597,534 over the last 90 days. Corporate insiders own 50.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of EIGI. First Trust Advisors LP grew its stake in Endurance International Group by 43.3% in the 2nd quarter. First Trust Advisors LP now owns 9,993,429 shares of the software maker’s stock worth $47,968,000 after acquiring an additional 3,017,718 shares in the last quarter. Norges Bank bought a new position in Endurance International Group in the 4th quarter worth about $8,058,000. Dimensional Fund Advisors LP grew its stake in Endurance International Group by 18.3% in 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 in the last quarter. IndexIQ Advisors LLC bought a new position in Endurance International Group in the 1st quarter worth about $1,586,000. Finally, Squarepoint Ops LLC bought a new position in Endurance International Group in the 4th quarter worth about $464,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Endurance International Group

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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