Endurance International Group (EIGI) Sets New 52-Week High and Low at $9.55

Endurance International Group (NASDAQ:EIGI)’s share price hit a new 52-week high and low during trading on Thursday . The stock traded as low as $9.55 and last traded at $9.55, with a volume of 72709 shares trading hands. The stock had previously closed at $9.30.

Several equities research analysts have issued reports on the stock. Credit Suisse Group dropped their target price on shares of Endurance International Group from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Morgan Stanley dropped 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 report on Wednesday, February 14th. Oppenheimer dropped their target price on shares of Endurance International Group from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Endurance International Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Finally, BidaskClub upgraded shares of Endurance International Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.43.

The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -12.27 and a beta of 1.88. The company has a debt-to-equity ratio of 12.77, a quick ratio of 0.42 and a current ratio of 0.42.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.05. The firm had revenue of $291.36 million during the quarter, compared to analyst estimates of $290.84 million. Endurance International Group had a negative net margin of 6.74% and a negative return on equity of 85.30%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.26) EPS. equities analysts forecast that Endurance International Group will post -0.1 EPS for the current year.

In other news, insider John Orlando sold 73,706 shares of the business’s stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $8.49, for a total value of $625,763.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy S. Mathews sold 4,432 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $7.30, for a total transaction of $32,353.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,320 shares of company stock valued at $1,396,746. Company insiders own 50.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in EIGI. Schwab Charles Investment Management Inc. lifted its holdings in shares of Endurance International Group by 2.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 647,710 shares of the software maker’s stock worth $5,441,000 after acquiring an additional 14,067 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Endurance International Group by 32.6% in the 4th quarter. Engineers Gate Manager LP now owns 55,628 shares of the software maker’s stock worth $467,000 after acquiring an additional 13,679 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Endurance International Group by 46.6% in the 4th quarter. Aperio Group LLC now owns 30,759 shares of the software maker’s stock worth $258,000 after acquiring an additional 9,775 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Endurance International Group in the fourth quarter worth $183,000. Finally, First Trust Advisors LP increased its stake in shares of Endurance International Group by 3.4% in the fourth 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 during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About Endurance International Group

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. 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 with varying degrees of technical sophistication 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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