Endurance International Group (EIGI) Downgraded by TheStreet to D+

TheStreet downgraded shares of Endurance International Group (NASDAQ:EIGI) from a c rating to a d+ rating in a report released on Friday.

EIGI has been the topic of a number of other reports. ValuEngine raised Endurance International Group from a hold rating to a buy rating in a research note on Friday, August 17th. Zacks Investment Research raised Endurance International Group from a strong sell rating to a hold rating in a research note on Monday, October 1st. BidaskClub lowered Endurance International Group from a hold rating to a sell rating in a research note on Thursday, October 4th. Finally, SunTrust Banks restated a hold rating and set a $8.00 price objective on shares of Endurance International Group in a research report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $8.57.

NASDAQ:EIGI opened at $9.64 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of -12.36 and a beta of 1.81. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 12.31. Endurance International Group has a twelve month low of $6.95 and a twelve month high of $10.95.



Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $283.77 million for the quarter, compared to analyst estimates of $284.53 million. Endurance International Group had a negative return on equity of 6.34% and a negative net margin of 0.68%. Equities analysts predict that Endurance International Group will post -0.16 EPS for the current fiscal year.

In other news, CFO Marc Montagner sold 9,424 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $9.20, for a total transaction of $86,700.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barry Christine Timmins sold 22,863 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $8.83, for a total value of $201,880.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,608 shares of company stock valued at $291,348. 50.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in shares of Endurance International Group by 15.6% during the third quarter. First Trust Advisors LP now owns 7,527,601 shares of the software maker’s stock valued at $66,243,000 after acquiring an additional 1,014,662 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of Endurance International Group during the third quarter valued at approximately $419,000. Northern Trust Corp increased its holdings in shares of Endurance International Group by 20.5% during the second quarter. Northern Trust Corp now owns 884,373 shares of the software maker’s stock valued at $8,800,000 after acquiring an additional 150,506 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Endurance International Group by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 270,060 shares of the software maker’s stock valued at $2,686,000 after acquiring an additional 15,269 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Endurance International Group during the second quarter valued at approximately $134,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About Endurance International Group

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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Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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