Zacks Investment Research upgraded shares of Endurance International Group Holdings Inc. (NASDAQ:EIGI) from a strong sell rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Endurance International Group Holdings, Inc. is a provider of cloud-based solutions. Its solutions are designed to help small- and medium-sized businesses. The Company’s products and services includes initial Website design and creation, email and commerce solutions as well as offerings, such as scalable and on-demand computing, security, storage and bandwidth, online marketing, mobile and productivity solutions, Web Presence and Commerce Offerings, Computing Resources and Security Offerings, Marketing Solutions and Productivity Tools. Endurance International Group Holdings, Inc. is headquartered in Burlington, Massachusetts. “

Several other research firms also recently commented on EIGI. Jefferies Group restated a buy rating on shares of Endurance International Group Holdings in a report on Monday, July 11th. Wells Fargo & Co. downgraded Endurance International Group Holdings from an outperform rating to a market perform rating in a report on Wednesday, August 3rd. Deutsche Bank AG decreased their price objective on Endurance International Group Holdings from $12.00 to $8.00 and set a hold rating for the company in a report on Wednesday, August 3rd. TheStreet downgraded Endurance International Group Holdings from a hold rating to a sell rating in a report on Thursday, August 4th. Finally, Morgan Stanley set a $9.00 price objective on Endurance International Group Holdings and gave the company a hold rating in a report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $13.06.

Shares of Endurance International Group Holdings (NASDAQ:EIGI) traded down 1.68% during midday trading on Wednesday, hitting $8.17. 291,969 shares of the stock traded hands. Endurance International Group Holdings has a 12-month low of $6.55 and a 12-month high of $15.48. The firm’s 50 day moving average price is $8.44 and its 200 day moving average price is $8.99. The company’s market capitalization is $1.15 billion.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.36. The business earned $290.70 million during the quarter, compared to the consensus estimate of $299.63 million. Endurance International Group Holdings had a positive return on equity of 36.84% and a negative net margin of 3.39%. The company’s revenue for the quarter was up 60.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Analysts expect that Endurance International Group Holdings will post ($0.43) EPS for the current year.

In other news, Director Warburg Pincus X. Partners, L.P bought 1,599,500 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was purchased at an average price of $8.62 per share, with a total value of $13,787,690.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Marc Montagner sold 10,490 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $8.25, for a total value of $86,542.50. Following the completion of the transaction, the chief financial officer now directly owns 186,468 shares of the company’s stock, valued at approximately $1,538,361. The disclosure for this sale can be found here. 56.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in EIGI. Okumus Fund Management Ltd. bought a new position in Endurance International Group Holdings during the second quarter worth $8,974,000. FMR LLC raised its position in Endurance International Group Holdings by 2.7% in the second quarter. FMR LLC now owns 21,066,365 shares of the company’s stock worth $189,387,000 after buying an additional 549,159 shares during the period. Vanguard Group Inc. raised its position in Endurance International Group Holdings by 10.8% in the second quarter. Vanguard Group Inc. now owns 4,857,832 shares of the company’s stock worth $43,673,000 after buying an additional 475,082 shares during the period. First Trust Advisors LP raised its position in Endurance International Group Holdings by 13.8% in the second quarter. First Trust Advisors LP now owns 2,304,832 shares of the company’s stock worth $20,720,000 after buying an additional 279,073 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Endurance International Group Holdings by 116.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 446,300 shares of the company’s stock worth $4,013,000 after buying an additional 240,459 shares during the period. 90.32% of the stock is owned by hedge funds and other institutional investors.

About Endurance International Group Holdings

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company serves approximately 4.7 million subscribers across the globe with an integrated suite of over 150 products and services.

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