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

Endurance International Group Holdings Inc (NASDAQ:EIGI) major shareholder Opportunistic Value Fun Okumus bought 30,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was purchased at an average price of $4.30 per share, with a total value of $129,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares 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 bought 114,200 shares of Endurance International Group stock. The stock was 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 bought 411,178 shares of Endurance International Group stock. The stock was 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 bought 403,123 shares of Endurance International Group stock. The stock was purchased at an average price of $5.08 per share, with a total value of $2,047,864.84.

Shares of NASDAQ:EIGI traded down $0.06 on Monday, reaching $4.73. 127,918 shares of the company’s stock were exchanged, compared to its average volume of 518,991. The company has a market cap of $746.34 million, a price-to-earnings ratio of 157.67 and a beta of 1.22. Endurance International Group Holdings Inc has a fifty-two week low of $4.13 and a fifty-two week high of $10.30. The business has a 50-day simple moving average of $4.80. The company has a debt-to-equity ratio of 11.20, a current ratio of 0.44 and a quick ratio of 0.42.

Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Thursday, August 1st. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.07. The company had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $279.72 million. Endurance International Group had a negative net margin of 2.07% and a positive return on equity of 5.21%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) earnings per share. Sell-side analysts anticipate that Endurance International Group Holdings Inc will post -0.23 EPS for the current year.

EIGI has been the topic of several recent analyst reports. BidaskClub raised shares of Endurance International Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. ValuEngine raised shares of Endurance International Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Endurance International Group from a “hold” rating to a “strong sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.63.

Large investors have recently modified their holdings of the business. Bank of Montreal Can grew its position in shares of Endurance International Group by 578.9% during the second quarter. Bank of Montreal Can now owns 6,063 shares of the software maker’s stock worth $29,000 after acquiring an additional 5,170 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Endurance International Group in the 2nd quarter valued at about $34,000. Amalgamated Bank bought a new position in Endurance International Group in the 4th quarter valued at about $70,000. HRT Financial LLC bought a new position in Endurance International Group in the 4th quarter valued at about $80,000. Finally, Stone Ridge Asset Management LLC bought a new position in Endurance International Group in the 2nd quarter valued at about $86,000. 90.82% of the stock is currently owned by institutional investors.

Endurance International Group Company Profile

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.

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

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