BidaskClub Upgrades Endurance International Group (NASDAQ:EIGI) to Hold

BidaskClub upgraded shares of Endurance International Group (NASDAQ:EIGI) from a sell rating to a hold rating in a report issued on Saturday morning, BidAskClub reports.

EIGI has been the subject of several other reports. Zacks Investment Research upgraded shares of Endurance International Group from a strong sell rating to a hold rating in a research report on Wednesday, October 2nd. ValuEngine upgraded shares of Endurance International Group from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Endurance International Group presently has a consensus rating of Hold and an average price target of $8.63.

EIGI opened at $4.30 on Friday. Endurance International Group has a twelve month low of $3.51 and a twelve month high of $10.06. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 11.20. The company has a fifty day moving average of $4.37 and a 200-day moving average of $4.92. The stock has a market cap of $616.33 million, a PE ratio of 143.33 and a beta of 1.25.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company 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 posted ($0.01) earnings per share. Endurance International Group’s revenue for the quarter was down 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Endurance International Group will post -0.12 EPS for the current fiscal year.

In related news, COO Barry Christine Timmins sold 6,787 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $3.84, for a total transaction of $26,062.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Marc Montagner sold 9,637 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $5.54, for a total transaction of $53,388.98. The disclosure for this sale can be found here. Corporate insiders own 50.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EIGI. Bank of Montreal Can boosted 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 worth $29,000 after acquiring an additional 5,170 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Endurance International Group during the second quarter worth $34,000. Stephens Inc. AR bought a new position in Endurance International Group during the third quarter worth $38,000. Jane Street Group LLC bought a new position in Endurance International Group during the second quarter worth $61,000. Finally, Parametric Portfolio Associates LLC bought a new position in Endurance International Group during the second quarter worth $71,000. 92.86% of the stock is currently owned by institutional investors and hedge funds.

Endurance International Group Company Profile

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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