Endurance International Group (NASDAQ:EIGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Endurance International Group Holdings, Inc. is a provider of cloud-based solutions. Its solutions are designed to help small- and medium-sized businesses. The Company’s products and services includes initial Website design and creation, email and commerce solutions as well as offerings, such as scalable and on-demand computing, security, storage and bandwidth, online marketing, mobile and productivity solutions, Web Presence and Commerce Offerings, Computing Resources and Security Offerings, Marketing Solutions and Productivity Tools. Endurance International Group Holdings, Inc. is headquartered in Burlington, Massachusetts. “
Several other equities analysts have also recently weighed in on EIGI. Jefferies Group reaffirmed a “sell” rating and set a $5.00 target price on shares of Endurance International Group in a research note on Tuesday, October 31st. SunTrust Banks reaffirmed a “hold” rating and set a $8.00 target price on shares of Endurance International Group in a research note on Friday, November 17th. BidaskClub cut Endurance International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Oppenheimer reaffirmed a “buy” rating and set a $12.00 target price on shares of Endurance International Group in a research note on Tuesday, December 12th. Finally, Credit Suisse Group lowered their target price on Endurance International Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.13.
Shares of Endurance International Group (NASDAQ:EIGI) opened at $7.75 on Friday. The company has a debt-to-equity ratio of 31.15, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $1,130.00, a PE ratio of -9.81 and a beta of 1.98. Endurance International Group has a twelve month low of $6.20 and a twelve month high of $9.85.
Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.20. The firm had revenue of $294.25 million for the quarter, compared to the consensus estimate of $289.22 million. Endurance International Group had a negative return on equity of 130.55% and a negative net margin of 9.12%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.26) EPS. equities analysts expect that Endurance International Group will post -0.19 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Endurance International Group in the 3rd quarter valued at approximately $102,000. Stone Ridge Asset Management LLC bought a new stake in shares of Endurance International Group in the 4th quarter valued at approximately $141,000. Cubist Systematic Strategies LLC grew its stake in shares of Endurance International Group by 37.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock valued at $157,000 after buying an additional 5,111 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Endurance International Group in the 4th quarter valued at approximately $183,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Endurance International Group in the 4th quarter valued at approximately $230,000. 86.46% of the stock is owned by institutional investors and hedge funds.
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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.
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