Endurance International Group (EIGI) Upgraded to Sell by BidaskClub

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BidaskClub upgraded shares of Endurance International Group (NASDAQ:EIGI) from a strong sell rating to a sell rating in a research report report published on Friday.

Separately, Zacks Investment Research lowered shares of Endurance International Group from a hold rating to a strong sell rating in a research report on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $9.63.

Shares of NASDAQ:EIGI traded up $0.07 on Friday, reaching $6.81. 452,293 shares of the company’s stock were exchanged, compared to its average volume of 411,770. The stock has a market capitalization of $970.47 million, a price-to-earnings ratio of 227.00 and a beta of 1.29. Endurance International Group has a fifty-two week low of $5.87 and a fifty-two week high of $10.95. The company has a debt-to-equity ratio of 10.15, a quick ratio of 0.44 and a current ratio of 0.44.

Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings results on Thursday, February 7th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business had revenue of $282.40 million during the quarter, compared to analyst estimates of $283.21 million. Endurance International Group had a negative net margin of 0.23% and a negative return on equity of 1.68%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts expect that Endurance International Group will post -0.02 EPS for the current fiscal year.

In related news, CFO Marc Montagner sold 7,851 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $7.55, for a total value of $59,275.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 50.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Endurance International Group by 92.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,453 shares of the software maker’s stock valued at $30,000 after buying an additional 2,144 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Endurance International Group by 16.9% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 38,245 shares of the software maker’s stock valued at $254,000 after purchasing an additional 5,537 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Endurance International Group by 46.9% during the 3rd quarter. Verition Fund Management LLC now owns 19,847 shares of the software maker’s stock valued at $175,000 after purchasing an additional 6,341 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Endurance International Group during the 4th quarter valued at about $57,000. Finally, Teachers Advisors LLC boosted its position in shares of Endurance International Group by 7.2% during the 3rd quarter. Teachers Advisors LLC now owns 133,340 shares of the software maker’s stock valued at $1,173,000 after purchasing an additional 8,915 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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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