Zacks Investment Research downgraded shares of Endurance International Group (NASDAQ:EIGI) from a hold rating to a sell rating in a research report report published on Wednesday, January 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 equities research analysts also recently weighed in on the company. Oppenheimer reaffirmed a buy rating and set a $12.00 price objective on shares of Endurance International Group in a report on Tuesday, December 12th. BidaskClub downgraded Endurance International Group from a hold rating to a sell rating in a report on Tuesday, December 12th. SunTrust Banks reissued a hold rating and issued a $8.00 target price on shares of Endurance International Group in a report on Friday, November 17th. Finally, Jefferies Group boosted their target price on Endurance International Group from $5.00 to $6.00 and gave the stock an underperform rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $8.70.
Endurance International Group (NASDAQ EIGI) traded down $0.15 during trading on Wednesday, hitting $8.25. The stock had a trading volume of 206,926 shares, compared to its average volume of 287,736. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 31.15. The company has a market capitalization of $1,262.72, a price-to-earnings ratio of -7.50 and a beta of 1.97. Endurance International Group has a twelve month low of $6.20 and a twelve month high of $9.85.
Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). Endurance International Group had a negative net margin of 12.74% and a negative return on equity of 161.36%. The firm had revenue of $295.20 million for the quarter, compared to the consensus estimate of $290.45 million. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. analysts predict that Endurance International Group will post -1 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its position in shares of Endurance International Group by 2.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 647,710 shares of the software maker’s stock valued at $5,441,000 after acquiring an additional 14,067 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Endurance International Group in the 3rd quarter valued at $102,000. Okumus Fund Management Ltd. increased its position in shares of Endurance International Group by 33.2% in the 3rd quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock valued at $100,040,000 after buying an additional 3,042,561 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Endurance International Group by 206.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 439,559 shares of the software maker’s stock valued at $3,604,000 after buying an additional 296,037 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Endurance International Group by 32.5% in the 3rd quarter. Wells Fargo & Company MN now owns 104,497 shares of the software maker’s stock valued at $857,000 after buying an additional 25,628 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.
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.
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