Endurance International Group Holdings Inc. (EIGI) Trading Down 0.6%
Endurance International Group Holdings Inc. (NASDAQ:EIGI)’s share price traded down 0.6% on Monday . The stock traded as low as $7.72 and last traded at $7.84, with a volume of 124,258 shares trading hands. The stock had previously closed at $7.89.
Several equities research analysts recently issued reports on the company. Morgan Stanley set a $9.00 price objective on Endurance International Group Holdings and gave the stock a “hold” rating in a report on Friday, August 19th. Deutsche Bank AG lowered their price objective on Endurance International Group Holdings from $12.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Jefferies Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Endurance International Group Holdings in a report on Monday, July 18th. Wells Fargo & Co. cut Endurance International Group Holdings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $18.00 price objective on shares of Endurance International Group Holdings in a report on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.06.
The firm has a 50-day moving average of $8.18 and a 200 day moving average of $9.41. The company’s market cap is $1.10 billion.
Endurance International Group Holdings (NASDAQ:EIGI) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.36. The firm had revenue of $290.70 million for the quarter, compared to analyst estimates of $299.63 million. The business’s revenue for the quarter was up 60.4% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. On average, equities analysts predict that Endurance International Group Holdings Inc. will post ($0.43) earnings per share for the current year.
In other news, Director Chandler Reedy purchased 363,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was purchased at an average cost of $7.68 per share, with a total value of $2,787,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Neary purchased 666,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $6.86 per share, with a total value of $4,568,760.00. The disclosure for this purchase can be found here.
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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