Endurance International Group Holdings Inc (NASDAQ:EIGI) rose 5.3% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $8.97 and last traded at $8.50. Approximately 923,676 shares changed hands during trading, an increase of 70% from the average daily volume of 542,062 shares. The stock had previously closed at $8.07.
The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $283.77 million for the quarter, compared to analysts’ expectations of $284.53 million. Endurance International Group had a negative return on equity of 38.34% and a negative net margin of 3.58%.
A number of equities research analysts have recently commented on EIGI shares. TheStreet raised Endurance International Group from a “d+” rating to a “c” rating in a research report on Friday, July 27th. BidaskClub raised Endurance International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine raised Endurance International Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Credit Suisse Group raised their price target on Endurance International Group from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $8.00 price target on shares of Endurance International Group in a research report on Thursday, July 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.57.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of Endurance International Group during the 1st quarter worth $105,000. Amalgamated Bank acquired a new position in shares of Endurance International Group during the 2nd quarter worth $108,000. Verition Fund Management LLC acquired a new position in shares of Endurance International Group during the 2nd quarter worth $134,000. Barclays PLC raised its holdings in shares of Endurance International Group by 65.0% during the 1st quarter. Barclays PLC now owns 18,996 shares of the software maker’s stock worth $140,000 after buying an additional 7,485 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Endurance International Group by 44.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 20,361 shares of the software maker’s stock worth $151,000 after buying an additional 6,227 shares in the last quarter. 90.89% of the stock is owned by hedge funds and other institutional investors.
The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 12.31. The firm has a market capitalization of $1.22 billion, a P/E ratio of -12.24 and a beta of 1.80.
Endurance International Group Company Profile (NASDAQ:EIGI)
Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. 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 with varying degrees of technical sophistication 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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