Legal & General Group Plc grew its position in Endurance International Group Holdings Inc (NASDAQ:EIGI) by 73.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,122 shares of the software maker’s stock after purchasing an additional 12,365 shares during the quarter. Legal & General Group Plc’s holdings in Endurance International Group were worth $256,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in EIGI. AXA raised its stake in Endurance International Group by 13.8% during the 3rd quarter. AXA now owns 356,008 shares of the software maker’s stock worth $3,133,000 after acquiring an additional 43,208 shares in the last quarter. BlackRock Inc. raised its stake in Endurance International Group by 24.9% during the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock worth $46,189,000 after acquiring an additional 924,079 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in Endurance International Group during the 3rd quarter worth $282,000. Northern Trust Corp raised its stake in Endurance International Group by 20.5% during the 2nd quarter. Northern Trust Corp now owns 884,373 shares of the software maker’s stock worth $8,800,000 after acquiring an additional 150,506 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Endurance International Group by 5.1% during the 3rd quarter. Renaissance Technologies LLC now owns 3,436,579 shares of the software maker’s stock worth $30,242,000 after acquiring an additional 165,206 shares in the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.
Shares of Endurance International Group stock opened at $7.59 on Friday. Endurance International Group Holdings Inc has a 1 year low of $5.87 and a 1 year high of $10.95. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 11.46. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 253.00 and a beta of 1.51.
Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, February 7th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Endurance International Group had a negative net margin of 0.23% and a negative return on equity of 1.75%. The company had revenue of $282.40 million for the quarter, compared to the consensus estimate of $283.21 million. During the same period last year, the firm posted $0.05 EPS. Endurance International Group’s revenue for the quarter was down 4.0% on a year-over-year basis.
EIGI has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Endurance International Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. BidaskClub upgraded shares of Endurance International Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. SunTrust Banks reiterated a “hold” rating and set a $8.00 price target on shares of Endurance International Group in a research note on Thursday, October 25th. Credit Suisse Group lifted their price target on shares of Endurance International Group from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Finally, ValuEngine lowered shares of Endurance International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $9.21.
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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