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

Endurance International Group (NASDAQ:EIGI) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.21.

A number of equities research analysts have recently issued reports on EIGI shares. Goldman Sachs started coverage on Endurance International Group in a research report on Friday, March 23rd. They issued a “sell” rating and a $8.50 price target for the company. BidaskClub cut Endurance International Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded Endurance International Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Credit Suisse Group decreased their price objective on Endurance International Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Finally, ValuEngine upgraded Endurance International Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.

In other Endurance International Group news, CFO Marc Montagner sold 8,405 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $7.30, for a total transaction of $61,356.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Orlando sold 73,706 shares of the company’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $8.49, for a total value of $625,763.94. The disclosure for this sale can be found here. Insiders have sold 179,320 shares of company stock worth $1,396,746 over the last 90 days. 50.80% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in EIGI. Okumus Fund Management Ltd. lifted its stake 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 worth $107,529,000 after purchasing an additional 601,025 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Endurance International Group by 48.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,708,800 shares of the software maker’s stock worth $14,354,000 after acquiring an additional 559,200 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Endurance International Group by 206.3% during the third quarter. Dimensional Fund Advisors LP now owns 439,559 shares of the software maker’s stock worth $3,604,000 after acquiring an additional 296,037 shares during the period. American Century Companies Inc. purchased a new stake in shares of Endurance International Group during the first quarter worth $1,633,000. Finally, Millennium Management LLC increased its position in shares of Endurance International Group by 165.8% during the fourth quarter. Millennium Management LLC now owns 337,639 shares of the software maker’s stock worth $2,836,000 after acquiring an additional 210,616 shares during the period. Institutional investors own 90.25% of the company’s stock.

NASDAQ:EIGI traded down $0.20 during trading hours on Monday, hitting $8.90. 7,991 shares of the stock were exchanged, compared to its average volume of 441,809. Endurance International Group has a 52-week low of $8.90 and a 52-week high of $9.15. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 12.77. The firm has a market cap of $1.30 billion, a P/E ratio of -11.56 and a beta of 1.81.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. The company had revenue of $291.36 million during the quarter, compared to analyst estimates of $290.84 million. Endurance International Group had a negative return on equity of 85.30% and a negative net margin of 6.74%. Endurance International Group’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.26) EPS. research analysts forecast that Endurance International Group will post -0.1 earnings per share for the current 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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