Todays Report: The Endurance International Group Holdings Inc. (EIGI) Downgraded by Zacks Investment Research

The Endurance International Group Holdings Inc. (EIGI) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Endurance International Group Holdings Inc. (NASDAQ:EIGI) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday.

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 have also issued research reports about the company. Jefferies Group reaffirmed a buy rating and issued a $17.00 price target on shares of Endurance International Group Holdings in a research report on Monday, July 18th. Morgan Stanley set a $9.00 price target on Endurance International Group Holdings and gave the company a hold rating in a research report on Friday, August 19th. Deutsche Bank AG reduced their price target on Endurance International Group Holdings from $12.00 to $8.00 and set a hold rating on the stock in a research report on Wednesday, August 3rd. Wells Fargo & Co. lowered Endurance International Group Holdings from an outperform rating to a market perform rating in a research report on Wednesday, August 3rd. Finally, TheStreet lowered Endurance International Group Holdings from a hold rating to a sell rating in a research report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $13.06.

Shares of Endurance International Group Holdings (NASDAQ:EIGI) opened at 8.68 on Tuesday. The company has a 50-day moving average price of $8.39 and a 200-day moving average price of $9.02. The stock’s market cap is $1.23 billion. Endurance International Group Holdings has a 12 month low of $6.55 and a 12 month high of $15.48.

Endurance International Group Holdings (NASDAQ:EIGI) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.36. Endurance International Group Holdings had a negative net margin of 3.39% and a positive return on equity of 36.84%. The firm had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $299.63 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s revenue was up 60.4% compared to the same quarter last year. On average, analysts expect that Endurance International Group Holdings will post ($0.43) EPS for the current fiscal year.

In other Endurance International Group Holdings news, Director Chandler Reedy purchased 16,200 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were purchased at an average cost of $8.49 per share, for a total transaction of $137,538.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Warburg Pincus X. Partners, L.P purchased 209,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was acquired at an average price of $8.65 per share, for a total transaction of $1,810,445.00. The disclosure for this purchase can be found here. Corporate insiders own 56.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Cypress Wealth Advisors LLC acquired a new stake in Endurance International Group Holdings during the second quarter worth $227,000. Principal Financial Group Inc. increased its stake in Endurance International Group Holdings by 4.7% in the second quarter. Principal Financial Group Inc. now owns 11,412 shares of the company’s stock worth $103,000 after buying an additional 515 shares during the period. Legal & General Group Plc increased its stake in Endurance International Group Holdings by 17.3% in the first quarter. Legal & General Group Plc now owns 13,523 shares of the company’s stock worth $141,000 after buying an additional 1,996 shares during the period. Acrospire Investment Management LLC acquired a new stake in Endurance International Group Holdings during the first quarter worth $161,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Endurance International Group Holdings during the first quarter valued at about $221,000. Hedge funds and other institutional investors own 90.32% 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 serves approximately 4.7 million subscribers across the globe with an integrated suite of over 150 products and services.

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