Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.17.
A number of research analysts recently weighed in on EIGI shares. BidaskClub raised Endurance International Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine raised Endurance International Group from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. Zacks Investment Research lowered Endurance International Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Credit Suisse Group raised their target price on Endurance International Group from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, October 26th. Finally, TheStreet lowered Endurance International Group from a “c” rating to a “d+” rating in a report on Friday, October 26th.
In other Endurance International Group news, CFO Marc Montagner sold 7,851 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $7.55, for a total value of $59,275.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 50.80% of the company’s stock.
Several large investors have recently made changes to their positions in EIGI. First Trust Advisors LP grew its holdings in shares of Endurance International Group by 15.6% during the 3rd quarter. First Trust Advisors LP now owns 7,527,601 shares of the software maker’s stock worth $66,243,000 after purchasing an additional 1,014,662 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Endurance International Group by 24.9% during the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock worth $46,189,000 after purchasing an additional 924,079 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Endurance International Group by 34.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock worth $15,174,000 after purchasing an additional 441,542 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Endurance International Group by 70.3% during the 3rd quarter. American Century Companies Inc. now owns 749,897 shares of the software maker’s stock worth $6,599,000 after purchasing an additional 309,460 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Endurance International Group by 4.3% during the 3rd quarter. Vanguard Group Inc now owns 6,304,932 shares of the software maker’s stock worth $55,484,000 after purchasing an additional 261,849 shares in the last quarter. 90.18% of the stock is currently owned by institutional investors.
Shares of EIGI stock traded down $0.07 during trading on Wednesday, reaching $7.07. The company had a trading volume of 719,300 shares, compared to its average volume of 447,979. The company has a debt-to-equity ratio of 11.46, a quick ratio of 0.44 and a current ratio of 0.44. Endurance International Group has a one year low of $5.87 and a one year high of $10.95. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 235.67 and a beta of 1.51.
Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, February 7th. The software maker reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.12. Endurance International Group had a negative return on equity of 1.75% and a negative net margin of 0.23%. The business had revenue of $282.40 million for the quarter, compared to the consensus estimate of $283.21 million. During the same period last year, the business earned $0.05 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Endurance International Group will post -0.02 EPS for the current fiscal year.
About Endurance International Group
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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