Endurance International Group (NASDAQ:EIGI) Rating Lowered to Hold at BidaskClub

Endurance International Group (NASDAQ:EIGI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday, November 21st, BidAskClub reports.

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A number of other equities analysts also recently commented on EIGI. ValuEngine upgraded Endurance International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks set a $5.50 price target on shares of Endurance International Group and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research downgraded Endurance International Group from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

Shares of Endurance International Group stock traded up $0.08 on Thursday, hitting $4.12. The company’s stock had a trading volume of 317,924 shares, compared to its average volume of 556,683. The company has a debt-to-equity ratio of 10.02, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $603.19 million, a price-to-earnings ratio of 137.33 and a beta of 1.26. Endurance International Group has a 1 year low of $3.51 and a 1 year high of $8.88. The firm has a fifty day moving average price of $4.06 and a 200-day moving average price of $4.50.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $279.51 million. Endurance International Group had a positive return on equity of 13.20% and a negative net margin of 0.82%. Endurance International Group’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, analysts forecast that Endurance International Group will post -0.14 EPS for the current year.

In other Endurance International Group news, CFO Marc Montagner sold 9,637 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $5.54, for a total transaction of $53,388.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Barry Christine Timmins sold 6,787 shares of Endurance International Group stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $3.84, for a total transaction of $26,062.08. The disclosure for this sale can be found here. Insiders own 50.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its holdings in shares of Endurance International Group by 578.9% in the 2nd quarter. Bank of Montreal Can now owns 6,063 shares of the software maker’s stock valued at $29,000 after acquiring an additional 5,170 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Endurance International Group in the 2nd quarter valued at $34,000. Stephens Inc. AR purchased a new position in Endurance International Group in the 3rd quarter valued at $38,000. Jane Street Group LLC acquired a new position in Endurance International Group in the 2nd quarter valued at $61,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Endurance International Group during the 2nd quarter worth $71,000. 88.10% of the stock is currently owned by institutional investors.

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 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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