First Mercantile Trust Co. boosted its stake in Endurance International Group Holdings Inc. (NASDAQ:EIGI) by 27.9% during the second quarter, Holdings Channel reports. The institutional investor owned 83,296 shares of the company’s stock after buying an additional 18,191 shares during the period. First Mercantile Trust Co. owned 0.06% of Endurance International Group Holdings worth $749,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EIGI. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Endurance International Group Holdings by 3.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,549,002 shares of the company’s stock valued at $16,311,000 after buying an additional 54,255 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Endurance International Group Holdings by 13.8% in the second quarter. First Trust Advisors LP now owns 2,304,832 shares of the company’s stock worth $20,720,000 after buying an additional 279,073 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Endurance International Group Holdings during the first quarter worth $211,000. Granahan Investment Management Inc. MA boosted its stake in shares of Endurance International Group Holdings by 10.6% in the first quarter. Granahan Investment Management Inc. MA now owns 384,237 shares of the company’s stock worth $4,046,000 after buying an additional 36,760 shares during the period. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Endurance International Group Holdings during the first quarter worth $2,167,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

Endurance International Group Holdings Inc. (NASDAQ:EIGI) opened at 8.79 on Wednesday. The stock has a 50 day moving average price of $7.88 and a 200-day moving average price of $9.16. The firm’s market capitalization is $1.24 billion. Endurance International Group Holdings Inc. has a one year low of $6.55 and a one year high of $15.48.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 earned $290.70 million during the quarter, compared to analyst estimates of $299.63 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was up 60.4% compared to the same quarter last year. On average, analysts predict that Endurance International Group Holdings Inc. will post ($0.43) earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. 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. Morgan Stanley set a $9.00 price objective on Endurance International Group Holdings and gave the stock a “hold” rating in a research note on Friday, August 19th. Jefferies Group decreased their price objective on Endurance International Group Holdings from $17.00 to $9.50 and set a “buy” rating for the company in a research note on Thursday, August 4th. TheStreet cut Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research cut Endurance International Group Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.06.

In other news, CFO Marc Montagner sold 10,490 shares of Endurance International Group Holdings stock in a transaction on Friday, September 16th. The stock was sold at an average price of $8.25, for a total value of $86,542.50. Following the completion of the sale, the chief financial officer now directly owns 186,468 shares of the company’s stock, valued at $1,538,361. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Warburg Pincus X. Partners, L.P bought 1,599,500 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was bought at an average price of $8.62 per share, with a total value of $13,787,690.00. The disclosure for this purchase can be found here. 56.50% of the stock is owned by insiders.

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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