Endurance International Group (EIGI) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Endurance International Group (NASDAQ:EIGI) from a sell rating to a hold rating in a research note published on Friday, November 10th.

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. “

A number of other brokerages have also recently issued reports on EIGI. SunTrust Banks initiated coverage on shares of Endurance International Group in a report on Tuesday, August 15th. They issued a hold rating and a $8.00 target price for the company. Jefferies Group reaffirmed a sell rating and issued a $5.00 target price on shares of Endurance International Group in a report on Thursday, September 28th. Finally, BidaskClub raised shares of Endurance International Group from a hold rating to a buy rating in a report on Thursday, July 13th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of Sell and an average target price of $7.70.

Shares of Endurance International Group (NASDAQ EIGI) traded down $0.15 during trading hours on Friday, reaching $9.20. 445,000 shares of the company were exchanged, compared to its average volume of 595,048. The company has a debt-to-equity ratio of 31.15, a current ratio of 0.33 and a quick ratio of 0.33. Endurance International Group has a 1 year low of $6.20 and a 1 year high of $9.85.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). The firm had revenue of $295.20 million during the quarter, compared to analyst estimates of $290.45 million. Endurance International Group had a negative net margin of 13.65% and a negative return on equity of 225.39%. Endurance International Group’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. sell-side analysts anticipate that Endurance International Group will post -1 earnings per share for the current fiscal year.

In other news, CFO Marc Montagner sold 6,877 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $7.55, for a total transaction of $51,921.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 22,887 shares of company stock valued at $177,251. Corporate insiders own 58.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in EIGI. JPMorgan Chase & Co. grew its stake in Endurance International Group by 14.3% in the 1st quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock worth $438,000 after acquiring an additional 7,011 shares during the period. American International Group Inc. grew its stake in Endurance International Group by 7.1% in the 1st quarter. American International Group Inc. now owns 36,962 shares of the software maker’s stock worth $290,000 after acquiring an additional 2,452 shares during the period. Teachers Advisors LLC grew its stake in Endurance International Group by 9.6% in the 1st quarter. Teachers Advisors LLC now owns 107,939 shares of the software maker’s stock worth $847,000 after acquiring an additional 9,498 shares during the period. Vanguard Group Inc. grew its stake in Endurance International Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock worth $39,575,000 after acquiring an additional 49,395 shares during the period. Finally, Geode Capital Management LLC grew its stake in Endurance International Group by 4.2% in the 1st quarter. Geode Capital Management LLC now owns 544,102 shares of the software maker’s stock worth $4,271,000 after acquiring an additional 21,793 shares during the period. 86.46% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Endurance International Group (EIGI) Upgraded to “Hold” by Zacks Investment Research” was posted by BBNS and is the property of of BBNS. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://baseballnewssource.com/markets/zacks-investment-research-upgrades-endurance-international-group-holdings-inc-eigi-to-hold/1774030.html.

About Endurance International Group

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.

Get a free copy of the Zacks research report on Endurance International Group (EIGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

Receive News & Ratings for Endurance International Group Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endurance International Group Holdings Inc and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.