Trading Report: Today, Endurance International Group Holdings Inc. (EIGI) Raised to Hold at Zacks Investment Research

Today, Endurance International Group Holdings Inc. (EIGI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Endurance International Group Holdings Inc. (NASDAQ:EIGI) from a strong sell rating to a hold rating in a research note published on Wednesday morning.

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. “

Several other equities research analysts have also recently weighed in on the company. Jefferies Group reiterated a buy rating and issued a $9.50 price objective on shares of Endurance International Group Holdings in a report on Monday, August 22nd. Morgan Stanley set a $9.00 target price on Endurance International Group Holdings and gave the company a hold rating in a research note on Friday, August 19th. TheStreet cut Endurance International Group Holdings from a hold rating to a sell rating in a research note on Thursday, August 4th. Deutsche Bank AG lowered their target price on Endurance International Group Holdings from $12.00 to $8.00 and set a hold rating for the company in a research note on Wednesday, August 3rd. Finally, Wells Fargo & Co. cut Endurance International Group Holdings from an outperform rating to a market perform rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $13.06.

Endurance International Group Holdings (NASDAQ:EIGI) opened at 7.88 on Wednesday. The firm has a 50-day moving average price of $8.44 and a 200 day moving average price of $8.97. The stock’s market cap is $1.11 billion. Endurance International Group Holdings has a 52-week low of $6.55 and a 52-week high of $15.48.

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

In other Endurance International Group Holdings news, Director Chandler Reedy bought 363,000 shares of Endurance International Group Holdings stock in a transaction on Friday, August 19th. The stock was acquired at an average price of $7.68 per share, with a total value of $2,787,840.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Neary bought 349,000 shares of Endurance International Group Holdings stock in a transaction on Wednesday, August 10th. The stock was acquired at an average cost of $7.58 per share, with a total value of $2,645,420.00. 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 EIGI. Principal Financial Group Inc. raised 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 last quarter. Nationwide Fund Advisors raised its stake in Endurance International Group Holdings by 3.3% in the second quarter. Nationwide Fund Advisors now owns 38,858 shares of the company’s stock worth $349,000 after buying an additional 1,250 shares during the last quarter. California State Teachers Retirement System raised its stake in Endurance International Group Holdings by 1.3% in the second quarter. California State Teachers Retirement System now owns 125,835 shares of the company’s stock worth $1,131,000 after buying an additional 1,676 shares during the last quarter. BlackRock Advisors LLC raised its stake in Endurance International Group Holdings by 6.8% in the second quarter. BlackRock Advisors LLC now owns 29,640 shares of the company’s stock worth $266,000 after buying an additional 1,891 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Endurance International Group Holdings by 5.9% in the second quarter. Rhumbline Advisers now owns 60,843 shares of the company’s stock worth $547,000 after buying an additional 3,386 shares during the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Endurance International Group Holdings Company Profile

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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