Endurance International Group (EIGI) Trading Down 3.4% Following Insider Selling

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Endurance International Group Holdings Inc (NASDAQ:EIGI) shares dropped 3.4% on Wednesday after an insider sold shares in the company. The stock traded as low as $5.50 and last traded at $5.34. Approximately 12,008 shares were traded during trading, a decline of 98% from the average daily volume of 523,417 shares. The stock had previously closed at $5.53.

Specifically, insider David C. Bryson sold 4,848 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $7.40, for a total value of $35,875.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Marc Montagner sold 73,008 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $6.42, for a total value of $468,711.36. The disclosure for this sale can be found here. Insiders have sold 190,754 shares of company stock worth $1,243,407 over the last ninety days. 50.80% of the stock is currently owned by insiders.

Several brokerages have issued reports on EIGI. BidaskClub cut Endurance International Group from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine cut Endurance International Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research cut Endurance International Group from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Goldman Sachs Group raised Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 target price on the stock in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.63.

The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 10.15. The company has a market capitalization of $796.23 million, a P/E ratio of 162.67 and a beta of 1.16.

Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Tuesday, April 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $280.70 million for the quarter, compared to the consensus estimate of $283.41 million. Endurance International Group had a return on equity of 0.61% and a net margin of 0.09%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) EPS. As a group, equities analysts predict that Endurance International Group Holdings Inc will post -0.02 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Endurance International Group by 92.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,453 shares of the software maker’s stock valued at $30,000 after purchasing an additional 2,144 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Endurance International Group by 16.9% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 38,245 shares of the software maker’s stock valued at $254,000 after purchasing an additional 5,537 shares during the period. Verition Fund Management LLC raised its stake in Endurance International Group by 46.9% during the 3rd quarter. Verition Fund Management LLC now owns 19,847 shares of the software maker’s stock valued at $175,000 after purchasing an additional 6,341 shares during the period. Quantamental Technologies LLC bought a new stake in Endurance International Group during the 4th quarter valued at approximately $57,000. Finally, Teachers Advisors LLC raised its stake in Endurance International Group by 7.2% during the 3rd quarter. Teachers Advisors LLC now owns 133,340 shares of the software maker’s stock valued at $1,173,000 after purchasing an additional 8,915 shares during the period. 92.62% of the stock is currently owned by institutional investors.

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Endurance International Group Company Profile (NASDAQ:EIGI)

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. 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 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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