Endurance International Group Holdings Inc. (NASDAQ:EIGI) shares dropped 2.7% on Thursday . The stock traded as low as $8.73 and last traded at $8.74, with a volume of 334,498 shares traded. The stock had previously closed at $8.98.

EIGI has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Endurance International Group Holdings in a research note on Monday, March 28th. They set an “equal weight” rating and a $12.00 price target on the stock. Credit Suisse Group AG reiterated an “outperform” rating and set a $18.00 price target on shares of Endurance International Group Holdings in a research note on Monday, April 4th. Zacks Investment Research cut shares of Endurance International Group Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 19th. TheStreet upgraded shares of Endurance International Group Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Jefferies Group reiterated a “buy” rating on shares of Endurance International Group Holdings in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.63.

The stock’s 50 day moving average price is $9.01 and its 200 day moving average price is $9.73. The company’s market cap is $1.23 billion.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The business earned $237.10 million during the quarter, compared to the consensus estimate of $250.60 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis. Analysts predict that Endurance International Group Holdings Inc. will post $1.66 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Oxford Asset Management purchased a new stake in Endurance International Group Holdings during the fourth quarter worth about $1,100,000. California State Teachers Retirement System boosted its stake in Endurance International Group Holdings by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 108,641 shares of the company’s stock worth $1,187,000 after buying an additional 1,985 shares in the last quarter. Pembroke Management LTD boosted its stake in Endurance International Group Holdings by 5.1% in the fourth quarter. Pembroke Management LTD now owns 1,423,465 shares of the company’s stock worth $15,558,000 after buying an additional 69,400 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Endurance International Group Holdings by 22.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,613,501 shares of the company’s stock worth $28,566,000 after buying an additional 484,879 shares in the last quarter.

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. Leveraging the Company’s technology platform, it serves approximately 4.1 million subscribers across the globe with an integrated suite of over 150 products and services that help SMBs get online, get found and grow their businesses.

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