Endurance International Group (NASDAQ:EIGI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm currently has a $8.00 price target on the software maker’s stock. Zacks Investment Research‘s target price points to a potential upside of 17.47% from the stock’s current price.

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 analysts have also recently issued reports on the stock. Goldman Sachs Group raised shares of Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price objective on the stock in a research report on Wednesday, March 27th. BidaskClub upgraded Endurance International Group from a “strong sell” rating to a “sell” rating in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.63.

Shares of Endurance International Group stock traded down $0.23 during trading on Tuesday, reaching $6.81. 253,221 shares of the company traded hands, compared to its average volume of 520,754. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 10.15. Endurance International Group has a 1-year low of $5.87 and a 1-year high of $10.95. The company has a market capitalization of $994.97 million, a PE ratio of 227.00 and a beta of 1.29.

Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Thursday, February 7th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. The business had revenue of $282.40 million for the quarter, compared to analyst estimates of $283.21 million. Endurance International Group had a negative net margin of 0.23% and a negative return on equity of 1.68%. Endurance International Group’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts expect that Endurance International Group will post -0.02 EPS for the current fiscal year.

In other news, insider David C. Bryson sold 4,848 shares of Endurance International Group stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $7.40, for a total transaction of $35,875.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marc Montagner sold 8,333 shares of Endurance International Group stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $7.40, for a total transaction of $61,664.20. The disclosure for this sale can be found here. Insiders have sold 23,840 shares of company stock worth $177,594 over the last ninety days. 50.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Endurance International Group during the 4th quarter valued at about $8,058,000. Dimensional Fund Advisors LP lifted its holdings in shares of Endurance International Group by 34.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock valued at $15,174,000 after purchasing an additional 441,542 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Endurance International Group by 4.3% in the third quarter. Vanguard Group Inc now owns 6,304,932 shares of the software maker’s stock valued at $55,484,000 after purchasing an additional 261,849 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Endurance International Group by 4.3% in the third quarter. Vanguard Group Inc. now owns 6,304,932 shares of the software maker’s stock valued at $55,484,000 after purchasing an additional 261,849 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Endurance International Group by 1,795.2% during the third quarter. JPMorgan Chase & Co. now owns 270,186 shares of the software maker’s stock valued at $2,378,000 after buying an additional 255,930 shares during the last quarter. 92.60% of the stock is currently owned by institutional investors and hedge funds.

About Endurance International Group

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. 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 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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