Endurance International Group Holdings, Inc. (EIGI) Receives Hold Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reaffirmed their hold rating on shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) in a research report sent to investors on Friday. SunTrust Banks, Inc. currently has a $8.00 target price on the software maker’s stock.

A number of other research analysts have also commented on EIGI. Zacks Investment Research lowered Endurance International Group Holdings from a hold rating to a sell rating in a report on Friday, August 4th. BidaskClub lowered Endurance International Group Holdings from a hold rating to a sell rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC lowered Endurance International Group Holdings from a buy rating to an underperform rating and lowered their price target for the company from $10.50 to $5.00 in a report on Thursday, August 24th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of Sell and an average target price of $7.70.

Shares of Endurance International Group Holdings (EIGI) traded up $0.10 on Friday, hitting $8.95. The stock had a trading volume of 345,035 shares, compared to its average volume of 791,588. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 31.15. Endurance International Group Holdings has a 52 week low of $6.20 and a 52 week high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The business had revenue of $295.20 million for the quarter, compared to analyst estimates of $290.45 million. Endurance International Group Holdings had a negative net margin of 12.74% and a negative return on equity of 161.36%. Endurance International Group Holdings’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted ($0.24) earnings per share. sell-side analysts anticipate that Endurance International Group Holdings will post -1 EPS for the current year.

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In related news, CFO Marc Montagner sold 6,877 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $7.55, for a total transaction of $51,921.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 22,887 shares of company stock valued at $177,251 in the last ninety days. Company insiders own 58.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Endurance International Group Holdings during the third quarter valued at about $102,000. Okumus Fund Management Ltd. boosted its stake in Endurance International Group Holdings by 33.2% during the third quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock valued at $100,040,000 after buying an additional 3,042,561 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Endurance International Group Holdings by 206.3% during the third quarter. Dimensional Fund Advisors LP now owns 439,559 shares of the software maker’s stock valued at $3,604,000 after buying an additional 296,037 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Endurance International Group Holdings by 28.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 633,643 shares of the software maker’s stock valued at $5,196,000 after buying an additional 138,458 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Endurance International Group Holdings by 32.5% during the third quarter. Wells Fargo & Company MN now owns 104,497 shares of the software maker’s stock valued at $857,000 after buying an additional 25,628 shares in the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

About Endurance International Group Holdings

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 Holdings (NASDAQ:EIGI)

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