Endurance International Group (NASDAQ:EIGI) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday, January 14th, BidAskClub reports.
Several other analysts have also recently issued reports on EIGI. SunTrust Banks set a $5.50 price target on shares of Endurance International Group and gave the stock a “hold” rating in a research report on Friday, November 1st. ValuEngine raised shares of Endurance International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Endurance International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.
Shares of NASDAQ EIGI traded down $0.06 during mid-day trading on Tuesday, reaching $5.21. 575,045 shares of the company’s stock were exchanged, compared to its average volume of 314,467. The company’s 50-day moving average is $4.83 and its 200-day moving average is $4.49. The firm has a market capitalization of $762.77 million, a price-to-earnings ratio of -86.82 and a beta of 1.31. Endurance International Group has a 52-week low of $3.51 and a 52-week high of $7.76. The company has a debt-to-equity ratio of 10.02, a quick ratio of 0.44 and a current ratio of 0.44.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in Endurance International Group by 578.9% in the 2nd quarter. Bank of Montreal Can now owns 6,063 shares of the software maker’s stock valued at $29,000 after purchasing an additional 5,170 shares in the last quarter. Stephens Inc. AR purchased a new stake in Endurance International Group during the third quarter worth about $38,000. SG Americas Securities LLC acquired a new position in Endurance International Group during the fourth quarter worth about $58,000. Jane Street Group LLC purchased a new stake in Endurance International Group during the second quarter worth $61,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Endurance International Group in the second quarter valued at $71,000. Hedge funds and other institutional investors own 87.92% 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 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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