Endurance International Group (NASDAQ:EIGI) Upgraded at BidaskClub

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.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Endurance International Group had a positive return on equity of 13.20% and a negative net margin of 0.82%. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $276.63 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities analysts predict that Endurance International Group will post -0.14 earnings per share for the current fiscal year.

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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