Insider Buying: Endurance International Group Holdings Inc (NASDAQ:EIGI) Major Shareholder Purchases $129,000.00 in Stock

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Endurance International Group Holdings Inc (NASDAQ:EIGI) major shareholder Opportunistic Value Fun Okumus acquired 30,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average cost of $4.30 per share, with a total value of $129,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Opportunistic Value Fun Okumus also recently made the following trade(s):

  • On Friday, May 17th, Opportunistic Value Fun Okumus acquired 114,200 shares of Endurance International Group stock. The stock was acquired at an average cost of $4.83 per share, with a total value of $551,586.00.
  • On Tuesday, May 14th, Opportunistic Value Fun Okumus acquired 411,178 shares of Endurance International Group stock. The stock was acquired at an average cost of $5.15 per share, with a total value of $2,117,566.70.
  • On Thursday, May 9th, Opportunistic Value Fun Okumus acquired 403,123 shares of Endurance International Group stock. The stock was acquired at an average cost of $5.08 per share, with a total value of $2,047,864.84.

EIGI stock opened at $4.23 on Monday. The firm’s 50-day moving average price is $4.77. Endurance International Group Holdings Inc has a 12-month low of $4.14 and a 12-month high of $10.60. The company has a debt-to-equity ratio of 10.32, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $617.42 million, a P/E ratio of 141.00 and a beta of 1.24.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. Endurance International Group had a return on equity of 0.60% and a net margin of 0.09%. The firm had revenue of $280.70 million during the quarter, compared to the consensus estimate of $283.41 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts predict that Endurance International Group Holdings Inc will post -0.09 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of EIGI. BlackRock Inc. boosted its position in shares of Endurance International Group by 1.2% in the fourth quarter. BlackRock Inc. now owns 4,892,768 shares of the software maker’s stock worth $32,535,000 after buying an additional 57,290 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Endurance International Group in the fourth quarter worth about $134,000. Dimensional Fund Advisors LP boosted its position in shares of Endurance International Group by 18.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,039,710 shares of the software maker’s stock worth $13,564,000 after buying an additional 315,401 shares during the period. Geode Capital Management LLC boosted its position in shares of Endurance International Group by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 931,069 shares of the software maker’s stock worth $6,191,000 after buying an additional 67,174 shares during the period. Finally, Barclays PLC boosted its position in shares of Endurance International Group by 67.1% in the fourth quarter. Barclays PLC now owns 48,275 shares of the software maker’s stock worth $320,000 after buying an additional 19,393 shares during the period. 90.99% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Goldman Sachs Group boosted their price target on Western Digital from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Two 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 has a consensus rating of “Hold” and a consensus price target of $8.63.

About Endurance International Group

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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Insider Buying and Selling by Quarter for Endurance International Group (NASDAQ:EIGI)

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