BidaskClub cut shares of Endurance International Group (NASDAQ:EIGI) from a hold rating to a sell rating in a research note published on Tuesday morning.

Several other equities research analysts also recently commented on the company. SunTrust Banks restated a hold rating and set a $8.00 price objective on shares of Endurance International Group in a report on Friday, November 17th. Jefferies Group reiterated a sell rating and set a $5.00 price target on shares of Endurance International Group in a report on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Endurance International Group from a sell rating to a hold rating in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $8.42.

Shares of Endurance International Group (EIGI) opened at $8.50 on Tuesday. Endurance International Group has a 1-year low of $6.20 and a 1-year high of $9.85. The company has a debt-to-equity ratio of 31.15, a quick ratio of 0.33 and a current ratio of 0.33.

Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.13). The firm had revenue of $295.20 million for the quarter, compared to the consensus estimate of $290.45 million. Endurance International Group had a negative net margin of 12.74% and a negative return on equity of 161.36%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) EPS. sell-side analysts anticipate that Endurance International Group will post -1 earnings per share for the current fiscal year.

In related news, CFO Marc Montagner sold 6,877 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $7.55, for a total transaction of $51,921.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 22,722 shares of company stock valued at $175,989 in the last quarter. 58.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in EIGI. Teachers Advisors LLC grew its holdings in Endurance International Group by 9.6% during the first quarter. Teachers Advisors LLC now owns 107,939 shares of the software maker’s stock worth $847,000 after buying an additional 9,498 shares in the last quarter. Geode Capital Management LLC grew its holdings in Endurance International Group by 4.2% during the first quarter. Geode Capital Management LLC now owns 544,102 shares of the software maker’s stock worth $4,271,000 after buying an additional 21,793 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Endurance International Group by 1,387.3% during the first quarter. Renaissance Technologies LLC now owns 187,400 shares of the software maker’s stock worth $1,471,000 after buying an additional 174,800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Endurance International Group by 37.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 329,653 shares of the software maker’s stock worth $2,588,000 after purchasing an additional 89,436 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Endurance International Group by 7.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 40,694 shares of the software maker’s stock worth $319,000 after purchasing an additional 2,723 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

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About Endurance International Group

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 operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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