Zacks Investment Research upgraded shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) from a sell rating to a hold rating in a report published on Friday morning.

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 brokerages also recently weighed in on EIGI. BidaskClub upgraded Endurance International Group Holdings from a hold rating to a buy rating in a report on Thursday, July 13th. Jefferies Group LLC increased their price target on Endurance International Group Holdings from $5.00 to $6.00 and gave the stock an underperform rating in a report on Wednesday, November 1st. Finally, SunTrust Banks, Inc. reiterated a hold rating and set a $8.00 price target on shares of Endurance International Group Holdings in a report on Thursday, October 12th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Endurance International Group Holdings presently has an average rating of Sell and a consensus price target of $7.70.

Shares of Endurance International Group Holdings (EIGI) traded down $0.05 during trading on Friday, reaching $7.90. The company’s stock had a trading volume of 330,900 shares, compared to its average volume of 771,837. The company has a debt-to-equity ratio of 31.15, a current ratio of 0.33 and a quick ratio of 0.35. Endurance International Group Holdings has a 52-week low of $6.20 and a 52-week high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). Endurance International Group Holdings had a negative return on equity of 161.36% and a negative net margin of 12.74%. The business had revenue of $295.20 million for the quarter, compared to analyst estimates of $290.45 million. During the same quarter in the previous year, the business posted ($0.24) earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. sell-side analysts forecast that Endurance International Group Holdings will post -1 earnings per share for the current year.

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In other news, insider John Orlando sold 8,531 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $7.85, for a total value of $66,968.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marc Montagner sold 10,229 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $7.62, for a total value of $77,944.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,418 shares of company stock valued at $244,220. 58.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Endurance International Group Holdings by 14.3% in the 1st quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock valued at $438,000 after buying an additional 7,011 shares during the period. Mitra Capital LLC bought a new position in Endurance International Group Holdings in the 2nd quarter valued at about $1,032,000. Gotham Asset Management LLC lifted its position in Endurance International Group Holdings by 33.8% in the 2nd quarter. Gotham Asset Management LLC now owns 52,987 shares of the software maker’s stock valued at $442,000 after acquiring an additional 13,387 shares in the last quarter. Credit Suisse AG lifted its position in Endurance International Group Holdings by 375.4% in the 1st quarter. Credit Suisse AG now owns 266,510 shares of the software maker’s stock valued at $2,093,000 after acquiring an additional 210,449 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in Endurance International Group Holdings by 48.3% in the 1st quarter. Tudor Investment Corp ET AL now owns 38,437 shares of the software maker’s stock valued at $302,000 after acquiring an additional 12,525 shares in the last quarter. Institutional investors own 86.55% of the company’s stock.

Endurance International Group Holdings Company Profile

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 Holdings (NASDAQ:EIGI)

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