Endurance International Group Holdings’ (EIGI) “Sell” Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reaffirmed their sell rating on shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) in a research report released on Tuesday, October 31st. They currently have a $5.00 price target on the software maker’s stock.

EIGI has been the subject of several other reports. Zacks Investment Research downgraded Endurance International Group Holdings from a hold rating to a sell rating in a report on Tuesday, July 4th. BidaskClub upgraded Endurance International Group Holdings from a hold rating to a buy rating in a report on Thursday, July 13th. Finally, SunTrust Banks, Inc. began coverage on Endurance International Group Holdings in a report on Tuesday, August 15th. They issued a hold rating and a $8.00 price objective for the company. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of Sell and an average price target of $7.70.

Endurance International Group Holdings (NASDAQ:EIGI) opened at $8.95 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 31.15. Endurance International Group Holdings has a one year low of $6.20 and a one year high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). The company had revenue of $295.20 million for the quarter, compared to analysts’ expectations of $290.45 million. Endurance International Group Holdings had a negative net margin of 12.74% and a negative return on equity of 161.36%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share. equities research analysts expect that Endurance International Group Holdings will post -1 earnings per share for the current fiscal year.

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In other Endurance International Group Holdings news, CFO Marc Montagner sold 6,877 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $7.55, for a total value of $51,921.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 22,887 shares of company stock valued at $177,251 over the last quarter. 58.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Endurance International Group Holdings by 14.3% during the first quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock valued at $438,000 after acquiring an additional 7,011 shares in the last quarter. Mitra Capital LLC acquired a new position in shares of Endurance International Group Holdings during the second quarter valued at about $1,032,000. Gotham Asset Management LLC increased its holdings in shares of Endurance International Group Holdings by 33.8% during the second quarter. Gotham Asset Management LLC now owns 52,987 shares of the software maker’s stock valued at $442,000 after acquiring an additional 13,387 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Endurance International Group Holdings by 375.4% during the first quarter. Credit Suisse AG now owns 266,510 shares of the software maker’s stock valued at $2,093,000 after acquiring an additional 210,449 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Endurance International Group Holdings by 48.3% during the first quarter. Tudor Investment Corp ET AL now owns 38,437 shares of the software maker’s stock valued at $302,000 after acquiring an additional 12,525 shares in the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

About Endurance International Group Holdings

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

Analyst Recommendations for Endurance International Group Holdings (NASDAQ:EIGI)

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