Analysts Set Endurance International Group Holdings Inc (NASDAQ:EIGI) Target Price at $8.83

Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $8.83.

A number of equities research analysts recently weighed in on EIGI shares. BidaskClub cut shares of Endurance International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. ValuEngine cut shares of Endurance International Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Goldman Sachs Group upgraded shares of Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price objective on the stock in a research note on Wednesday, March 27th. Finally, Zacks Investment Research upgraded shares of Endurance International Group from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Tuesday, April 9th.

EIGI stock opened at $5.44 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 10.32. The firm has a market capitalization of $761.91 million, a price-to-earnings ratio of 181.33 and a beta of 1.26. Endurance International Group has a 1 year low of $4.22 and a 1 year high of $10.95.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $283.41 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. As a group, analysts predict that Endurance International Group will post -0.05 EPS for the current year.

In related news, CAO Timothy S. Mathews sold 4,603 shares of Endurance International Group stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $6.42, for a total transaction of $29,551.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus bought 411,178 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $2,117,566.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,077,022 shares of company stock worth $5,468,534 and have sold 182,903 shares worth $1,184,132. 50.60% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in EIGI. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Endurance International Group by 92.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,453 shares of the software maker’s stock worth $30,000 after acquiring an additional 2,144 shares during the period. Amalgamated Bank acquired a new position in Endurance International Group during the fourth quarter worth about $70,000. HRT Financial LLC acquired a new position in Endurance International Group during the fourth quarter worth about $80,000. BNP Paribas Arbitrage SA grew its holdings in Endurance International Group by 763.0% during the first quarter. BNP Paribas Arbitrage SA now owns 16,500 shares of the software maker’s stock worth $120,000 after acquiring an additional 14,588 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Endurance International Group by 290.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,984 shares of the software maker’s stock worth $133,000 after acquiring an additional 14,862 shares during the period. 90.99% of the stock is currently owned by hedge funds and other 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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