Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.81.
Several analysts have issued reports on the stock. BidaskClub lowered shares of Endurance International Group from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. ValuEngine lowered shares of Endurance International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Zacks Investment Research lowered shares of Endurance International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th. Oppenheimer lowered shares of Endurance International Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 7th. Finally, TheStreet lowered shares of Endurance International Group from a “c” rating to a “d+” rating in a research report on Friday, October 26th.
In other Endurance International Group news, insider Barry Christine Timmins sold 22,863 shares of the company’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $8.83, for a total transaction of $201,880.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 50.80% of the company’s stock.
Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in Endurance International Group by 63.4% in the second quarter. Renaissance Technologies LLC now owns 3,271,373 shares of the software maker’s stock worth $32,550,000 after buying an additional 1,269,194 shares in the last quarter. First Trust Advisors LP raised its stake in Endurance International Group by 15.6% in the third quarter. First Trust Advisors LP now owns 7,527,601 shares of the software maker’s stock worth $66,243,000 after buying an additional 1,014,662 shares in the last quarter. BlackRock Inc. raised its stake in Endurance International Group by 24.9% in the second quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock worth $46,189,000 after buying an additional 924,079 shares in the last quarter. Millennium Management LLC raised its stake in Endurance International Group by 158.4% in the second quarter. Millennium Management LLC now owns 775,122 shares of the software maker’s stock worth $7,712,000 after buying an additional 475,139 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Endurance International Group by 34.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock worth $15,174,000 after buying an additional 441,542 shares in the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:EIGI traded down $0.05 during midday trading on Tuesday, hitting $6.43. The company had a trading volume of 1,899 shares, compared to its average volume of 400,333. Endurance International Group has a 52-week low of $5.87 and a 52-week high of $10.95. The firm has a market capitalization of $899.10 million, a PE ratio of -8.28 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 announced its earnings results on Thursday, October 25th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Endurance International Group had a negative net margin of 0.68% and a negative return on equity of 5.96%. The company had revenue of $283.77 million during the quarter, compared to analyst estimates of $284.53 million. On average, sell-side analysts forecast that Endurance International Group will post -0.1 EPS for the current fiscal year.
About Endurance International Group
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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