Endurance International Group Holdings, Inc. (NASDAQ:EIGI) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) from a hold rating to a sell rating in a research note published on Thursday, November 2nd.

According to Zacks, “Endurance International Group Holdings, Inc. is a provider of cloud-based solutions. Its solutions are designed to help small- and medium-sized businesses. The Company’s products and services includes initial Website design and creation, email and commerce solutions as well as offerings, such as scalable and on-demand computing, security, storage and bandwidth, online marketing, mobile and productivity solutions, Web Presence and Commerce Offerings, Computing Resources and Security Offerings, Marketing Solutions and Productivity Tools. Endurance International Group Holdings, Inc. is headquartered in Burlington, Massachusetts. “

Other equities research analysts also recently issued research reports about the company. BidaskClub upgraded Endurance International Group Holdings from a hold rating to a buy rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. restated a hold rating and set a $8.00 target price on shares of Endurance International Group Holdings in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reiterated a sell rating and issued a $5.00 price objective on shares of Endurance International Group Holdings in a report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Endurance International Group Holdings currently has a consensus rating of Sell and a consensus target price of $7.70.

Endurance International Group Holdings (NASDAQ:EIGI) traded up $0.10 during trading on Thursday, reaching $8.10. The company’s stock had a trading volume of 1,127,700 shares, compared to its average volume of 595,619. Endurance International Group Holdings has a one year low of $6.20 and a one year high of $9.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 31.15.

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

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In other Endurance International Group Holdings news, CFO Marc Montagner sold 10,229 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $7.62, for a total value of $77,944.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 22,887 shares of company stock valued at $177,251 in the last quarter. 58.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Okumus Fund Management Ltd. increased its holdings in shares of Endurance International Group Holdings by 33.2% in the third quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock worth $100,040,000 after acquiring an additional 3,042,561 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Endurance International Group Holdings by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock worth $39,575,000 after buying an additional 49,395 shares during the period. First Trust Advisors LP boosted its position in shares of Endurance International Group Holdings by 4.3% during the third quarter. First Trust Advisors LP now owns 4,586,060 shares of the software maker’s stock worth $37,606,000 after buying an additional 189,010 shares during the period. State Street Corp boosted its position in shares of Endurance International Group Holdings by 7.2% during the second quarter. State Street Corp now owns 1,179,899 shares of the software maker’s stock worth $9,849,000 after buying an additional 79,607 shares during the period. Finally, Morgan Stanley boosted its position in shares of Endurance International Group Holdings by 25.7% during the first quarter. Morgan Stanley now owns 806,858 shares of the software maker’s stock worth $6,333,000 after buying an additional 164,827 shares during the period. Institutional investors own 86.25% 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.

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