Endurance International Group (NASDAQ:EIGI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, November 20th.
EIGI has been the topic of several other reports. BidaskClub cut shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. TheStreet raised shares of Endurance International Group from a “d+” rating to a “c” rating in a report on Friday, July 27th. Zacks Investment Research cut shares of Endurance International Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 25th. Oppenheimer cut shares of Endurance International Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 7th. Finally, SunTrust Banks reiterated a “hold” rating and set a $8.00 price target on shares of Endurance International Group in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Endurance International Group currently has a consensus rating of “Hold” and an average price target of $9.21.
NASDAQ:EIGI traded down $0.13 during mid-day trading on Tuesday, hitting $8.29. The stock had a trading volume of 360,573 shares, compared to its average volume of 391,498. Endurance International Group has a twelve month low of $6.95 and a twelve month high of $10.95. The company has a market capitalization of $1.19 billion, a P/E ratio of -10.63 and a beta of 1.35. The company has a debt-to-equity ratio of 11.46, a quick ratio of 0.44 and a current ratio of 0.44.
Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $283.77 million for the quarter, compared to analysts’ expectations of $284.53 million. Endurance International Group had a negative net margin of 0.68% and a negative return on equity of 5.96%. As a group, equities analysts forecast that Endurance International Group will post -0.1 earnings per share for the current year.
In other news, insider Barry Christine Timmins sold 22,863 shares of Endurance International Group stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $8.83, for a total transaction of $201,880.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Marc Montagner sold 9,424 shares of Endurance International Group stock in a transaction on Monday, September 17th. The stock was sold at an average price of $9.20, for a total transaction of $86,700.80. The disclosure for this sale can be found here. Insiders sold 32,608 shares of company stock worth $291,348 in the last 90 days. Company insiders own 50.80% of the company’s stock.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Endurance International Group by 4.3% during the third quarter. Vanguard Group Inc. now owns 6,304,932 shares of the software maker’s stock worth $55,484,000 after purchasing an additional 261,849 shares during the period. Legal & General Group Plc raised its stake in Endurance International Group by 73.8% during the third quarter. Legal & General Group Plc now owns 29,122 shares of the software maker’s stock worth $256,000 after buying an additional 12,365 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Endurance International Group by 21.6% during the third quarter. TIAA CREF Investment Management LLC now owns 455,452 shares of the software maker’s stock worth $4,008,000 after buying an additional 80,930 shares during the last quarter. Teachers Advisors LLC raised its stake 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 during the last quarter. Finally, Putnam Investments LLC bought a new position in Endurance International Group during the third quarter worth $2,191,000. Institutional investors own 91.29% of the company’s stock.
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 worldwide. 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 with varying degrees of technical sophistication 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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