Endurance International Group (EIGI) Downgraded to Strong Sell at BidaskClub

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BidaskClub cut shares of Endurance International Group (NASDAQ:EIGI) from a sell rating to a strong sell rating in a report published on Wednesday.

A number of other equities analysts have also recently commented on EIGI. Credit Suisse Group increased their target price on Endurance International Group from $10.00 to $11.00 and gave the company an outperform rating in a report on Friday, October 26th. ValuEngine raised Endurance International Group from a hold rating to a buy rating in a report on Saturday, October 27th. SunTrust Banks reissued a hold rating and set a $8.00 target price on shares of Endurance International Group in a report on Thursday, October 25th. TheStreet cut Endurance International Group from a c rating to a d+ rating in a report on Friday, October 26th. Finally, Oppenheimer cut Endurance International Group from an outperform rating to a market perform rating in a report on Wednesday, November 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Endurance International Group presently has an average rating of Hold and an average price target of $9.63.

NASDAQ EIGI opened at $7.07 on Wednesday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 235.67 and a beta of 1.51. Endurance International Group has a twelve month low of $5.87 and a twelve month high of $10.95. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 11.46.

Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings results on Thursday, February 7th. The software maker reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. The company had revenue of $282.40 million during the quarter, compared to analysts’ expectations of $283.21 million. Endurance International Group had a negative return on equity of 1.75% and a negative net margin of 0.23%. Endurance International Group’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. As a group, equities research analysts expect that Endurance International Group will post -0.02 EPS for the current year.

In other news, CFO Marc Montagner sold 7,851 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $7.55, for a total value of $59,275.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.80% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of EIGI. First Trust Advisors LP grew its position in Endurance International Group by 15.6% in the third quarter. First Trust Advisors LP now owns 7,527,601 shares of the software maker’s stock worth $66,243,000 after acquiring an additional 1,014,662 shares during the period. Dimensional Fund Advisors LP grew its position in Endurance International Group by 34.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock worth $15,174,000 after acquiring an additional 441,542 shares during the period. American Century Companies Inc. grew its position in Endurance International Group by 70.3% in the third quarter. American Century Companies Inc. now owns 749,897 shares of the software maker’s stock worth $6,599,000 after acquiring an additional 309,460 shares during the period. Vanguard Group Inc grew its position in Endurance International Group by 4.3% in the third quarter. Vanguard Group Inc now owns 6,304,932 shares of the software maker’s stock worth $55,484,000 after acquiring an additional 261,849 shares during the period. Finally, Vanguard Group Inc. grew its position in Endurance International Group by 4.3% in the third quarter. Vanguard Group Inc. now owns 6,304,932 shares of the software maker’s stock worth $55,484,000 after acquiring an additional 261,849 shares during the period. Institutional investors and hedge funds own 90.18% 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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