Endurance International Group Holdings, Inc. (EIGI) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) from a hold rating to a sell rating in a research report sent to investors on Thursday, November 2nd.

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 also recently issued reports on EIGI. BidaskClub raised Endurance International Group Holdings from a hold rating to a buy rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. restated a hold rating and set a $8.00 target price on shares of Endurance International Group Holdings in a research report on Thursday, October 12th. Finally, Jefferies Group LLC restated a sell rating and set a $5.00 target price on shares of Endurance International Group Holdings in a research report on Thursday, September 28th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of Sell and a consensus price target of $7.70.

Endurance International Group Holdings (NASDAQ EIGI) traded up $0.10 on Thursday, hitting $8.00. The stock had a trading volume of 1,467,500 shares, compared to its average volume of 593,189. Endurance International Group Holdings has a 1 year low of $6.20 and a 1 year 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 Holdings (NASDAQ:EIGI) last posted its earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The company had revenue of $295.20 million for the quarter, compared to analysts’ expectations of $290.45 million. Endurance International Group Holdings had a negative return on equity of 161.36% and a negative net margin of 12.74%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. equities research analysts predict that Endurance International Group Holdings will post -1 earnings per share for the current year.

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In other Endurance International Group Holdings news, CFO Marc Montagner sold 6,877 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $7.55, for a total value of $51,921.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 22,887 shares of company stock valued at $177,251 in the last quarter. 58.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Endurance International Group Holdings in the third quarter valued at approximately $102,000. Okumus Fund Management Ltd. lifted its stake in shares of Endurance International Group Holdings by 33.2% during the third quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock valued at $100,040,000 after buying an additional 3,042,561 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Endurance International Group Holdings by 206.3% during 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 during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Endurance International Group Holdings by 28.0% during 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 during the period. Finally, Wells Fargo & Company MN raised its stake in Endurance International Group Holdings by 32.5% during the third quarter. Wells Fargo & Company MN now owns 104,497 shares of the software maker’s stock worth $857,000 after purchasing an additional 25,628 shares during the period. Institutional investors and hedge funds own 86.25% of the company’s stock.

Endurance International Group Holdings 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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