BidaskClub upgraded shares of Endurance International Group (NASDAQ:EIGI) from a strong sell rating to a sell rating in a report issued on Tuesday morning, BidAskClub reports.

Other equities analysts also recently issued research reports about 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 report on Wednesday, March 27th. Zacks Investment Research raised shares of Endurance International Group from a hold rating to a buy rating and set a $8.00 price objective on the stock in a report on Tuesday, April 9th. Finally, ValuEngine downgraded shares of Endurance International Group from a hold rating to a sell rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $8.63.

Shares of NASDAQ EIGI opened at $4.57 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 10.32. The stock has a market cap of $655.36 million, a PE ratio of 152.33 and a beta of 1.26. Endurance International Group has a 52-week low of $4.22 and a 52-week high of $10.95.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $280.70 million for the quarter, compared to the consensus estimate of $283.41 million. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. On average, equities research analysts forecast that Endurance International Group will post -0.05 earnings per share for the current fiscal year.

In other news, major shareholder Opportunistic Value Fun Okumus bought 403,123 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were bought at an average price of $5.08 per share, for a total transaction of $2,047,864.84. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Timothy S. Mathews sold 4,603 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $6.42, for a total transaction of $29,551.26. The disclosure for this sale can be found here. In the last three months, insiders purchased 1,077,022 shares of company stock worth $5,468,534 and sold 182,903 shares worth $1,184,132. Company insiders own 50.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Man Group plc raised its stake in Endurance International Group by 45.4% during the 1st quarter. Man Group plc now owns 410,901 shares of the software maker’s stock worth $2,980,000 after acquiring an additional 128,253 shares during the period. Jefferies Group LLC bought a new stake in Endurance International Group during the 1st quarter worth approximately $182,000. Geode Capital Management LLC raised its stake in Endurance International Group by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 1,008,016 shares of the software maker’s stock worth $7,308,000 after acquiring an additional 76,947 shares during the period. Caption Management LLC bought a new stake in Endurance International Group during the 1st quarter worth approximately $363,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Endurance International Group during the 1st quarter worth approximately $3,182,000. Institutional investors own 90.99% of the company’s stock.

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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