Endurance International Group (NASDAQ:EIGI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 24th, BidAskClub reports.
A number of other equities analysts have also commented on EIGI. Goldman Sachs Group upgraded shares of Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price objective on the stock in a report on Wednesday, March 27th. ValuEngine lowered shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of Endurance International Group from a “buy” rating to a “hold” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.63.
Endurance International Group stock traded up $0.20 during trading on Wednesday, reaching $4.53. 436,000 shares of the company’s stock were exchanged, compared to its average volume of 357,130. The company’s 50-day moving average is $4.72 and its two-hundred day moving average is $5.81. The company has a debt-to-equity ratio of 11.20, a quick ratio of 0.44 and a current ratio of 0.44. Endurance International Group has a 52-week low of $4.13 and a 52-week high of $10.30. The firm has a market cap of $661.61 million, a price-to-earnings ratio of 151.00 and a beta of 1.22.
Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. Endurance International Group had a negative net margin of 2.07% and a positive return on equity of 5.21%. The firm had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $279.72 million. During the same period in the prior year, the company earned ($0.01) EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Analysts anticipate that Endurance International Group will post -0.23 EPS for the current year.
In other news, major shareholder Opportunistic Value Fun Okumus bought 30,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average price of $4.30 per share, for a total transaction of $129,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 50.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of Endurance International Group by 0.4% in the second quarter. Northern Trust Corp now owns 901,828 shares of the software maker’s stock valued at $4,329,000 after acquiring an additional 3,548 shares in the last quarter. Swiss National Bank lifted its stake in Endurance International Group by 3.9% during the second quarter. Swiss National Bank now owns 120,500 shares of the software maker’s stock valued at $578,000 after purchasing an additional 4,500 shares during the last quarter. Dubuque Bank & Trust Co. lifted its stake in Endurance International Group by 10.2% during the second quarter. Dubuque Bank & Trust Co. now owns 55,093 shares of the software maker’s stock valued at $264,000 after purchasing an additional 5,093 shares during the last quarter. Bank of Montreal Can lifted its stake in Endurance International Group by 578.9% during the second quarter. Bank of Montreal Can now owns 6,063 shares of the software maker’s stock valued at $29,000 after purchasing an additional 5,170 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Endurance International Group by 3.1% during the first quarter. California Public Employees Retirement System now owns 226,969 shares of the software maker’s stock valued at $1,646,000 after purchasing an additional 6,748 shares during the last quarter. Institutional investors and hedge funds own 92.77% 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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