Endurance International Group Holdings Inc (NASDAQ:EIGI) Receives $8.83 Consensus Target Price from Analysts

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Endurance International Group Holdings Inc (NASDAQ:EIGI) has received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $8.83.

A number of analysts have recently issued reports on EIGI shares. Zacks Investment Research raised shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Goldman Sachs Group boosted their target price on shares of Western Digital from $42.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Saturday, June 29th.

NASDAQ EIGI traded down $0.06 on Friday, hitting $4.23. 371,362 shares of the stock were exchanged, compared to its average volume of 519,147. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 10.32. The business has a fifty day moving average price of $4.77. The stock has a market capitalization of $626.17 million, a price-to-earnings ratio of 141.00 and a beta of 1.24. Endurance International Group has a 52-week low of $4.14 and a 52-week high of $10.60.

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 Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $280.70 million during the quarter, compared to analyst estimates of $283.41 million. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. On average, research analysts forecast that Endurance International Group will post -0.09 earnings per share for the current year.

In related news, CMO John Orlando sold 18,754 shares of Endurance International Group stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $6.32, for a total value of $118,525.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus acquired 403,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $5.08 per share, with a total value of $2,047,864.84. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,107,022 shares of company stock valued at $5,597,534 and have sold 58,952 shares valued at $370,787. 50.60% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in EIGI. Amalgamated Bank bought a new stake in shares of Endurance International Group in the fourth quarter valued at about $70,000. HRT Financial LLC bought a new position in Endurance International Group in the fourth quarter worth about $80,000. BNP Paribas Arbitrage SA raised its holdings in Endurance International Group by 763.0% in the first quarter. BNP Paribas Arbitrage SA now owns 16,500 shares of the software maker’s stock worth $120,000 after purchasing an additional 14,588 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in Endurance International Group by 290.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,984 shares of the software maker’s stock worth $133,000 after purchasing an additional 14,862 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Endurance International Group in the fourth quarter worth about $134,000. Hedge funds and other institutional investors own 90.99% of the company’s stock.

About Endurance International Group

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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