Endurance International Group (EIGI) Rating Lowered to Market Perform at Oppenheimer

Oppenheimer downgraded shares of Endurance International Group (NASDAQ:EIGI) from an outperform rating to a market perform rating in a research report released on Wednesday, MarketBeat Ratings reports. Oppenheimer also issued estimates for Endurance International Group’s Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.13) EPS and FY2019 earnings at ($0.06) EPS.

Other research analysts also recently issued reports about the company. BidaskClub downgraded Endurance International Group from a strong-buy rating to a buy rating in a research note on Thursday, September 6th. ValuEngine raised Endurance International Group from a hold rating to a buy rating in a research note on Friday, August 17th. Zacks Investment Research raised Endurance International Group from a hold rating to a buy rating and set a $11.00 price target for the company in a research note on Tuesday, October 30th. TheStreet raised Endurance International Group from a d+ rating to a c rating in a research note on Friday, July 27th. Finally, SunTrust Banks reissued a hold rating and issued a $8.00 price target on shares of Endurance International Group in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Endurance International Group currently has a consensus rating of Hold and a consensus target price of $9.21.

EIGI traded up $0.14 during trading on Wednesday, reaching $8.64. 468,982 shares of the company were exchanged, compared to its average volume of 621,803. The company has a market cap of $1.26 billion, a P/E ratio of -11.08 and a beta of 1.39. The company has a debt-to-equity ratio of 11.46, a current ratio of 0.44 and a quick ratio of 0.41. Endurance International Group has a 52 week low of $6.95 and a 52 week high of $10.95.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $283.77 million during the quarter, compared to the consensus estimate of $284.53 million. Endurance International Group had a negative return on equity of 5.96% and a negative net margin of 0.68%. As a group, research analysts anticipate that Endurance International Group will post -0.1 earnings per share for the current year.

In other news, CFO Marc Montagner sold 9,424 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $9.20, for a total value of $86,700.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barry Christine Timmins sold 22,863 shares of the stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total value of $201,880.29. The disclosure for this sale can be found here. In the last three months, insiders sold 32,608 shares of company stock valued at $291,348. Company insiders own 58.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in EIGI. Dimensional Fund Advisors LP lifted its holdings in shares of Endurance International Group by 28.8% in the first quarter. Dimensional Fund Advisors LP now owns 920,534 shares of the software maker’s stock valued at $6,812,000 after buying an additional 206,046 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Endurance International Group in the first quarter valued at $105,000. UBS Group AG lifted its holdings in shares of Endurance International Group by 30.9% in the first quarter. UBS Group AG now owns 67,737 shares of the software maker’s stock valued at $501,000 after buying an additional 16,008 shares during the period. Barclays PLC lifted its holdings in shares of Endurance International Group by 65.0% in the first quarter. Barclays PLC now owns 18,996 shares of the software maker’s stock valued at $140,000 after buying an additional 7,485 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Endurance International Group by 44.1% in the first quarter. Cubist Systematic Strategies LLC now owns 20,361 shares of the software maker’s stock valued at $151,000 after buying an additional 6,227 shares during the period. Institutional investors and hedge funds own 91.63% 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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Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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