Zacks Investment Research upgraded shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) from a sell rating to a hold rating in a research note published 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. “

EIGI has been the subject of several other research reports. Jefferies Group LLC reissued a buy rating and set a $10.50 price objective on shares of Endurance International Group Holdings in a report on Monday, April 24th. Cantor Fitzgerald reissued a hold rating and set a $9.00 price objective on shares of Endurance International Group Holdings in a report on Wednesday, March 29th. Finally, ValuEngine raised shares of Endurance International Group Holdings from a strong sell rating to a sell rating in a report on Thursday, May 11th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Endurance International Group Holdings has a consensus rating of Hold and a consensus price target of $8.83.

Shares of Endurance International Group Holdings (EIGI) traded up 1.69% during midday trading on Tuesday, hitting $9.00. The company had a trading volume of 218,698 shares. The stock has a 50 day moving average price of $8.02 and a 200 day moving average price of $8.09. The firm’s market capitalization is $1.28 billion. Endurance International Group Holdings has a 1-year low of $6.20 and a 1-year high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its earnings results on Tuesday, May 2nd. The software maker reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.14. The company had revenue of $295.10 million during the quarter, compared to the consensus estimate of $286.89 million. Endurance International Group Holdings had a negative net margin of 11.12% and a negative return on equity of 95.25%. Endurance International Group Holdings’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, equities analysts anticipate that Endurance International Group Holdings will post ($0.73) EPS for the current fiscal year.

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In other Endurance International Group Holdings news, insider Katherine J. Andreasen sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $8.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Orlando sold 17,732 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $7.90, for a total transaction of $140,082.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,654 shares of company stock worth $421,353. Insiders own 58.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Endurance International Group Holdings by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock valued at $39,575,000 after buying an additional 49,395 shares during the period. First Trust Advisors LP boosted its position in shares of Endurance International Group Holdings by 17.6% in the first quarter. First Trust Advisors LP now owns 3,425,754 shares of the software maker’s stock valued at $26,892,000 after buying an additional 512,528 shares during the period. State Street Corp boosted its position in shares of Endurance International Group Holdings by 6.8% in the fourth quarter. State Street Corp now owns 1,060,111 shares of the software maker’s stock valued at $9,860,000 after buying an additional 67,489 shares during the period. Norges Bank acquired a new position in shares of Endurance International Group Holdings during the fourth quarter valued at about $8,722,000. Finally, Morgan Stanley boosted its position in shares of Endurance International Group Holdings by 25.7% in the first quarter. Morgan Stanley now owns 806,858 shares of the software maker’s stock valued at $6,333,000 after buying an additional 164,827 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Endurance International Group Holdings (NASDAQ:EIGI)

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