Endurance International Group (EIGI) Given Consensus Recommendation of “Hold” by Brokerages

Endurance International Group (NASDAQ:EIGI) has received an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $8.04.

A number of research firms have recently issued reports on EIGI. BidaskClub lowered Endurance International Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Goldman Sachs began coverage on Endurance International Group in a report on Friday, March 23rd. They issued a “sell” rating and a $8.50 target price on the stock. Zacks Investment Research raised Endurance International Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Oppenheimer dropped their target price on Endurance International Group from $12.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Finally, Morgan Stanley dropped their target price on Endurance International Group from $8.00 to $7.75 and set an “underweight” rating on the stock in a report on Wednesday, February 14th.

In related news, insider Timothy S. Mathews sold 4,432 shares of Endurance International Group stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $7.30, for a total value of $32,353.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marc Montagner sold 8,405 shares of Endurance International Group stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $7.30, for a total value of $61,356.50. The disclosure for this sale can be found here. In the last three months, insiders sold 105,614 shares of company stock worth $770,982. Corporate insiders own 58.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of EIGI. New York State Common Retirement Fund boosted its stake in shares of Endurance International Group by 6.5% in the third quarter. New York State Common Retirement Fund now owns 109,299 shares of the software maker’s stock valued at $896,000 after buying an additional 6,674 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Endurance International Group by 5.5% in the third quarter. Bank of New York Mellon Corp now owns 256,416 shares of the software maker’s stock valued at $2,102,000 after buying an additional 13,381 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Endurance International Group by 32.5% in the third quarter. Wells Fargo & Company MN now owns 104,497 shares of the software maker’s stock valued at $857,000 after buying an additional 25,628 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Endurance International Group by 28.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 633,643 shares of the software maker’s stock valued at $5,196,000 after buying an additional 138,458 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 valued at $3,604,000 after buying an additional 296,037 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

EIGI traded up $0.10 during trading on Thursday, hitting $7.50. 526,580 shares of the stock were exchanged, compared to its average volume of 381,386. The firm has a market cap of $1,048.05, a price-to-earnings ratio of -9.62 and a beta of 1.81. Endurance International Group has a 1-year low of $6.95 and a 1-year high of $9.50. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 22.48.

Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. The company had revenue of $294.25 million for the quarter, compared to analyst estimates of $289.22 million. Endurance International Group had a negative return on equity of 130.24% and a negative net margin of 9.12%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) earnings per share. equities analysts expect that Endurance International Group will post -0.19 EPS for the current fiscal year.

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.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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