BidaskClub Lowers Endurance International Group (EIGI) to Sell

BidaskClub downgraded shares of Endurance International Group (NASDAQ:EIGI) from a hold rating to a sell rating in a report issued on Tuesday.

A number of other brokerages have also weighed in on EIGI. Morgan Stanley reduced their target price on shares of Endurance International Group from $8.00 to $7.75 and set an underweight rating for the company in a research note on Wednesday, February 14th. Goldman Sachs initiated coverage on shares of Endurance International Group in a research note on Friday, March 23rd. They issued a sell rating and a $8.50 target price for the company. Credit Suisse Group cut their price target on shares of Endurance International Group from $10.00 to $9.00 and set an outperform rating on the stock in a research report on Wednesday, February 14th. Zacks Investment Research cut shares of Endurance International Group from a hold rating to a sell rating in a research report on Wednesday, January 10th. Finally, Oppenheimer cut their price target on shares of Endurance International Group from $12.00 to $9.00 and set an outperform rating on the stock in a research report on Wednesday, February 14th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $8.04.

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Shares of NASDAQ EIGI opened at $7.40 on Tuesday. The firm has a market capitalization of $1,047.97, a P/E ratio of -9.49 and a beta of 1.88. The company has a debt-to-equity ratio of 22.48, a current ratio of 0.32 and a quick ratio of 0.32. Endurance International Group has a 1-year low of $6.20 and a 1-year high of $9.50.

Endurance International Group (NASDAQ:EIGI) last announced its earnings results on Tuesday, February 13th. The software maker reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.20. The firm had revenue of $294.25 million during the quarter, compared to analyst estimates of $289.22 million. Endurance International Group had a negative net margin of 9.12% and a negative return on equity of 130.24%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) EPS. sell-side analysts expect that Endurance International Group will post -0.19 earnings per share for the current year.

A number of large investors have recently modified their holdings of EIGI. Okumus Fund Management Ltd. lifted its position in Endurance International Group by 33.2% during the 3rd quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock worth $100,040,000 after buying an additional 3,042,561 shares in the last quarter. Renaissance Technologies LLC lifted its position in Endurance International Group by 48.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,708,800 shares of the software maker’s stock worth $14,354,000 after buying an additional 559,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Endurance International Group by 206.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 439,559 shares of the software maker’s stock worth $3,604,000 after buying an additional 296,037 shares in the last quarter. Millennium Management LLC lifted its position in Endurance International Group by 165.8% during the 4th quarter. Millennium Management LLC now owns 337,639 shares of the software maker’s stock worth $2,836,000 after buying an additional 210,616 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Endurance International Group by 3.4% during the 4th quarter. First Trust Advisors LP now owns 4,743,982 shares of the software maker’s stock worth $39,849,000 after buying an additional 157,922 shares in the last quarter. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

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About Endurance International Group

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 operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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