Endurance International Group (EIGI) Given Hold Rating at SunTrust Banks

Endurance International Group (NASDAQ:EIGI)‘s stock had its “hold” rating reiterated by equities researchers at SunTrust Banks in a research report issued on Friday, November 17th. They currently have a $8.00 price objective on the software maker’s stock. SunTrust Banks’ price target would indicate a potential downside of 9.60% from the company’s current price.

EIGI has been the topic of several other research reports. BidaskClub cut shares of Endurance International Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Endurance International Group from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Jefferies Group raised their price target on shares of Endurance International Group from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has a consensus rating of “Sell” and a consensus target price of $7.70.

Shares of Endurance International Group (NASDAQ EIGI) traded down $0.20 during midday trading on Friday, reaching $8.85. 581,831 shares of the company traded hands, compared to its average volume of 594,470. Endurance International Group has a twelve month low of $6.20 and a twelve month high of $9.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 31.15.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.13). Endurance International Group had a negative net margin of 12.74% and a negative return on equity of 161.36%. The business had revenue of $295.20 million during the quarter, compared to the consensus estimate of $290.45 million. During the same period in the previous year, the business posted ($0.24) EPS. Endurance International Group’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that Endurance International Group will post -1 earnings per share for the current year.

In other Endurance International Group news, CFO Marc Montagner sold 10,229 shares of Endurance International Group stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $7.62, for a total transaction of $77,944.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 22,722 shares of company stock worth $175,989. Insiders own 58.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Endurance International Group during the 3rd quarter worth approximately $102,000. Okumus Fund Management Ltd. lifted its position in shares of Endurance International Group by 33.2% during the 3rd quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock worth $100,040,000 after buying an additional 3,042,561 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Endurance International Group by 206.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 439,559 shares of the software maker’s stock worth $3,604,000 after buying an additional 296,037 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Endurance International Group by 28.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 633,643 shares of the software maker’s stock worth $5,196,000 after buying an additional 138,458 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Endurance International Group by 32.5% during the 3rd quarter. Wells Fargo & Company MN now owns 104,497 shares of the software maker’s stock worth $857,000 after buying an additional 25,628 shares in the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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Endurance International Group Company Profile

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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