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

A number of other analysts also recently issued reports on EIGI. Zacks Investment Research downgraded shares of Endurance International Group from a buy rating to a hold rating in a report on Monday, April 15th. Goldman Sachs Group raised shares of Endurance International Group from a sell rating to a neutral rating and set a $7.50 price target on the stock in a report on Wednesday, March 27th. Finally, ValuEngine downgraded shares of Endurance International Group from a hold rating to a sell rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $8.63.

Shares of NASDAQ EIGI opened at $5.23 on Friday. Endurance International Group has a 1 year low of $4.74 and a 1 year high of $10.95. The firm has a market cap of $734.32 million, a P/E ratio of 255.00 and a beta of 1.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 10.15.

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, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Endurance International Group had a net margin of 0.09% and a return on equity of 0.61%. The firm had revenue of $280.70 million for the quarter, compared to the consensus estimate of $283.41 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, research analysts anticipate that Endurance International Group will post -0.05 EPS for the current year.

In other Endurance International Group news, CFO Marc Montagner sold 7,851 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $7.55, for a total transaction of $59,275.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David C. Bryson sold 4,848 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $7.40, for a total transaction of $35,875.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,754 shares of company stock worth $1,243,407. Insiders own 50.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EIGI. Bank of New York Mellon Corp lifted its holdings in Endurance International Group by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 279,240 shares of the software maker’s stock valued at $2,457,000 after purchasing an additional 9,180 shares in the last quarter. BlackRock Inc. raised its position in shares of Endurance International Group by 4.2% in the third quarter. BlackRock Inc. now owns 4,835,478 shares of the software maker’s stock valued at $42,551,000 after buying an additional 193,309 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Endurance International Group by 34.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock valued at $15,174,000 after buying an additional 441,542 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Endurance International Group by 1,795.2% in the third quarter. JPMorgan Chase & Co. now owns 270,186 shares of the software maker’s stock valued at $2,378,000 after buying an additional 255,930 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Endurance International Group in the third quarter valued at about $126,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Endurance International Group Company Profile

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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