Shares of Endurance International Group Holdings Inc. (NASDAQ:EIGI) gapped down before the market opened on Friday . The stock had previously closed at $7.69, but opened at $7.72. Endurance International Group Holdings shares last traded at $7.80, with a volume of 242,707 shares changing hands.

Several research firms have recently weighed in on EIGI. TheStreet upgraded shares of Endurance International Group Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Wells Fargo & Co. cut shares of Endurance International Group Holdings from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 3rd. Jefferies Group decreased their target price on shares of Endurance International Group Holdings from $17.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Credit Suisse Group AG reiterated a “buy” rating and issued a $18.00 target price on shares of Endurance International Group Holdings in a research report on Wednesday, May 4th. Finally, Zacks Investment Research cut shares of Endurance International Group Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Endurance International Group Holdings currently has a consensus rating of “Hold” and a consensus price target of $13.44.

The stock’s market cap is $1.05 billion. The stock has a 50 day moving average price of $8.45 and a 200 day moving average price of $9.45.

Endurance International Group Holdings (NASDAQ:EIGI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.36. During the same period in the prior year, the firm posted ($0.02) EPS. The business had revenue of $290.70 million for the quarter, compared to analyst estimates of $299.63 million. Endurance International Group Holdings’s revenue for the quarter was up 60.4% on a year-over-year basis. On average, equities research analysts expect that Endurance International Group Holdings Inc. will post ($0.58) earnings per share for the current year.

In other news, Director James Neary purchased 349,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was acquired at an average cost of $7.58 per share, for a total transaction of $2,645,420.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

A hedge fund recently raised its stake in Endurance International Group Holdings stock. Wells Fargo & Company MN increased its position in Endurance International Group Holdings Inc. (NASDAQ:EIGI) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,613,501 shares of the company’s stock after buying an additional 484,879 shares during the period. Wells Fargo & Company MN owned approximately 1.91% of Endurance International Group Holdings worth $28,566,000 at the end of the most recent reporting period.

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 serves approximately 4.7 million subscribers across the globe with an integrated suite of over 150 products and services.

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