Endurance International Group Holdings Inc. (EIGI) Stock Rating Upgraded by Zacks Investment Research

Endurance International Group Holdings Inc. (NASDAQ:EIGI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday.

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 research analysts also recently commented on EIGI. Jefferies Group dropped their price objective on Endurance International Group Holdings from $17.00 to $9.50 and set a “buy” rating on the stock in a report on Thursday, August 4th. Deutsche Bank AG dropped their price objective on Endurance International Group Holdings from $12.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Morgan Stanley set a $9.00 price objective on Endurance International Group Holdings and gave the company a “hold” rating in a report on Friday, August 19th. TheStreet downgraded Endurance International Group Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $9.00 price target on shares of Endurance International Group Holdings in a research note on Monday, October 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.07.

Analyst Recommendations for Endurance International Group Holdings (NASDAQ:EIGI)

Endurance International Group Holdings (NASDAQ:EIGI) opened at 7.00 on Friday. The firm has a 50-day moving average price of $7.94 and a 200-day moving average price of $8.47. The firm’s market capitalization is $990.58 million. Endurance International Group Holdings has a one year low of $6.55 and a one year high of $14.38.

Endurance International Group Holdings (NASDAQ:EIGI) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.02. Endurance International Group Holdings had a negative net margin of 4.66% and a positive return on equity of 18.29%. The business earned $291.20 million during the quarter, compared to analysts’ expectations of $283.12 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s revenue was up 54.5% compared to the same quarter last year. Equities analysts anticipate that Endurance International Group Holdings will post ($0.51) earnings per share for the current year.

In related news, Director Warburg Pincus X. Partners, L.P acquired 1,599,500 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was bought at an average cost of $8.62 per share, with a total value of $13,787,690.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ronald Lasalvia sold 3,205 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $8.03, for a total value of $25,736.15. Following the sale, the insider now directly owns 365,147 shares of the company’s stock, valued at $2,932,130.41. The disclosure for this sale can be found here. Company insiders own 56.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Endurance International Group Holdings by 2.0% in the third quarter. Principal Financial Group Inc. now owns 11,639 shares of the company’s stock worth $102,000 after buying an additional 227 shares during the last quarter. KCG Holdings Inc. bought a new stake in Endurance International Group Holdings during the third quarter worth $171,000. BlackRock Group LTD boosted its stake in Endurance International Group Holdings by 4.9% in the third quarter. BlackRock Group LTD now owns 22,561 shares of the company’s stock worth $197,000 after buying an additional 1,046 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Endurance International Group Holdings by 49.7% in the second quarter. Acrospire Investment Management LLC now owns 22,900 shares of the company’s stock valued at $206,000 after buying an additional 7,600 shares in the last quarter. Finally, Cypress Wealth Advisors LLC acquired a new stake in Endurance International Group Holdings during the second quarter valued at approximately $227,000. 92.23% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:EIGI

Get a free copy of the Zacks research report on Endurance International Group Holdings (EIGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Endurance International Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endurance International Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2016 Mideast Time.