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

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 equities research analysts have also recently issued reports on the company. BidaskClub cut Endurance International Group from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine cut Endurance International Group from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. TheStreet upgraded Endurance International Group from a “d+” rating to a “c” rating in a research note on Friday, July 27th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $8.00 target price on shares of Endurance International Group in a research note on Thursday, July 26th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Endurance International Group currently has an average rating of “Hold” and an average price target of $8.43.

EIGI stock traded up $0.25 during mid-day trading on Tuesday, reaching $9.15. The company had a trading volume of 158,200 shares, compared to its average volume of 553,185. The company has a debt-to-equity ratio of 12.31, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -11.73 and a beta of 1.79. Endurance International Group has a one year low of $6.95 and a one year high of $10.95.

Endurance International Group (NASDAQ:EIGI) last posted its earnings results on Thursday, July 26th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $287.80 million for the quarter, compared to analysts’ expectations of $288.38 million. Endurance International Group had a negative return on equity of 38.34% and a negative net margin of 3.58%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business posted ($0.29) earnings per share. analysts predict that Endurance International Group will post -0.16 EPS for the current fiscal year.

In related news, CFO Marc Montagner sold 9,424 shares of Endurance International Group stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $9.20, for a total transaction of $86,700.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 50.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake 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 purchasing an additional 150,506 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 15,269 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Endurance International Group during the second quarter valued at about $134,000. Millennium Management LLC raised its stake in shares of Endurance International Group by 158.4% during the second quarter. Millennium Management LLC now owns 775,122 shares of the software maker’s stock valued at $7,712,000 after purchasing an additional 475,139 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of Endurance International Group by 42.6% during the second quarter. MetLife Investment Advisors LLC now owns 39,045 shares of the software maker’s stock valued at $388,000 after purchasing an additional 11,661 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.

Endurance International Group Company Profile

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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