Opportunistic Value Fun Okumus Purchases 30,000 Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) Stock

Endurance International Group Holdings Inc (NASDAQ:EIGI) major shareholder Opportunistic Value Fun Okumus acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average price of $4.30 per share, with a total value of $129,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price of $5.08 per share, with a total value of $2,047,864.84.

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

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

EIGI has been the topic of several analyst reports. Zacks Investment Research raised shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Goldman Sachs Group increased their target price on shares of Western Digital from $42.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.63.

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Endurance International Group in the fourth quarter valued at about $8,058,000. First Trust Advisors LP grew its position in shares of Endurance International Group by 15.7% in the first quarter. First Trust Advisors LP now owns 6,975,711 shares of the software maker’s stock valued at $50,574,000 after purchasing an additional 945,487 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $13,564,000 after purchasing an additional 315,401 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Endurance International Group by 51.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 646,937 shares of the software maker’s stock valued at $4,303,000 after purchasing an additional 220,325 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in shares of Endurance International Group in the first quarter valued at about $1,586,000. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Neutral Rating

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

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