Endurance International Group (NASDAQ:EIGI) insider Timothy S. Mathews sold 4,432 shares of Endurance International Group stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $7.30, for a total transaction of $32,353.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Timothy S. Mathews also recently made the following trade(s):
- On Monday, April 2nd, Timothy S. Mathews sold 1,885 shares of Endurance International Group stock. The shares were sold at an average price of $7.30, for a total transaction of $13,760.50.
Shares of EIGI traded down $0.13 during mid-day trading on Thursday, hitting $7.25. 35,946 shares of the company traded hands, compared to its average volume of 361,256. The company has a debt-to-equity ratio of 22.48, a current ratio of 0.32 and a quick ratio of 0.32. Endurance International Group has a 1 year low of $6.95 and a 1 year high of $9.50.
Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.20. Endurance International Group had a negative net margin of 9.12% and a negative return on equity of 130.24%. The firm had revenue of $294.25 million during the quarter, compared to analysts’ expectations of $289.22 million. During the same period in the previous year, the company earned ($0.26) earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts anticipate that Endurance International Group will post -0.19 EPS for the current fiscal year.
A number of research analysts recently issued reports on the stock. Oppenheimer lowered their price target on shares of Endurance International Group from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. BidaskClub cut shares of Endurance International Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Endurance International Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Credit Suisse Group decreased their target price on shares of Endurance International Group from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Finally, Goldman Sachs initiated coverage on shares of Endurance International Group in a report on Friday, March 23rd. They issued a “sell” rating and a $8.50 target price for the company. Five analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $8.04.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Okumus Fund Management Ltd. grew its position in Endurance International Group by 4.9% during the fourth quarter. Okumus Fund Management Ltd. now owns 12,801,052 shares of the software maker’s stock valued at $107,529,000 after buying an additional 601,025 shares during the period. Renaissance Technologies LLC boosted its position in shares of Endurance International Group by 48.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,708,800 shares of the software maker’s stock worth $14,354,000 after purchasing an additional 559,200 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Endurance International Group by 206.3% in the third quarter. Dimensional Fund Advisors LP now owns 439,559 shares of the software maker’s stock worth $3,604,000 after purchasing an additional 296,037 shares during the period. Millennium Management LLC boosted its position in shares of Endurance International Group by 165.8% in the fourth quarter. Millennium Management LLC now owns 337,639 shares of the software maker’s stock worth $2,836,000 after purchasing an additional 210,616 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Endurance International Group by 3.4% in the fourth quarter. First Trust Advisors LP now owns 4,743,982 shares of the software maker’s stock worth $39,849,000 after purchasing an additional 157,922 shares during the period. 89.57% of the stock is owned by hedge funds and other institutional investors.
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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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