Zacks Investment Research upgraded shares of Endurance International Group (NASDAQ:EIGI) from a hold rating to a buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $11.00 price target on the software maker’s stock.
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. “
EIGI has been the topic of a number of other reports. BidaskClub upgraded Endurance International Group from a buy rating to a strong-buy rating in a research note on Friday, August 24th. ValuEngine upgraded Endurance International Group from a hold rating to a buy rating in a research note on Friday, August 17th. SunTrust Banks reiterated a hold rating and issued a $8.00 price objective on shares of Endurance International Group in a research note on Thursday, October 25th. Credit Suisse Group lifted their price objective on 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, TheStreet lowered Endurance International Group from a c rating to a d+ rating in a research note on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $9.21.
NASDAQ EIGI opened at $9.89 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 12.31. Endurance International Group has a fifty-two week low of $6.95 and a fifty-two week high of $10.95.
Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $283.77 million for the quarter, compared to analyst estimates of $284.53 million. Endurance International Group had a negative return on equity of 6.34% and a negative net margin of 0.68%. Research analysts expect that Endurance International Group will post -0.11 earnings per share for the current year.
In related news, insider Barry Christine Timmins sold 22,863 shares of Endurance International Group stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total transaction of $201,880.29. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marc Montagner sold 9,424 shares of Endurance International Group stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $9.20, for a total value of $86,700.80. The disclosure for this sale can be found here. Insiders sold 32,608 shares of company stock worth $291,348 over the last quarter. 58.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in Endurance International Group during the second quarter worth about $108,000. Verition Fund Management LLC acquired a new stake in Endurance International Group during the second quarter worth about $134,000. Russell Investments Group Ltd. acquired a new stake in Endurance International Group during the first quarter worth about $105,000. PEAK6 Investments L.P. grew its position in Endurance International Group by 128.8% during the second quarter. PEAK6 Investments L.P. now owns 15,284 shares of the software maker’s stock worth $152,000 after buying an additional 68,424 shares in the last quarter. Finally, Barclays PLC grew its position in Endurance International Group by 65.0% during the first quarter. Barclays PLC now owns 18,996 shares of the software maker’s stock worth $140,000 after buying an additional 7,485 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.
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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