Endurance International Group Holdings, Inc. (NASDAQ:EIGI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

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. “

EIGI has been the subject of a number of other reports. Jefferies Group LLC reissued a “buy” rating and set a $10.50 price objective on shares of Endurance International Group Holdings in a research report on Monday, April 24th. ValuEngine raised Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 11th. BidaskClub raised Endurance International Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Endurance International Group Holdings in a research report on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.00.

Endurance International Group Holdings (NASDAQ:EIGI) traded down 0.65% during mid-day trading on Friday, reaching $7.60. 696,053 shares of the company were exchanged. The stock’s market capitalization is $1.05 billion. Endurance International Group Holdings has a 1-year low of $6.20 and a 1-year high of $9.85. The stock’s 50-day moving average price is $8.65 and its 200-day moving average price is $8.08.

Endurance International Group Holdings (NASDAQ:EIGI) last announced its quarterly earnings data on Tuesday, August 1st. The software maker reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.11. Endurance International Group Holdings had a negative return on equity of 112.02% and a negative net margin of 12.05%. The company had revenue of $292.26 million for the quarter, compared to analyst estimates of $289.40 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that Endurance International Group Holdings will post ($0.81) EPS for the current fiscal year.

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In related news, insider Katherine J. Andreasen sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $7.58, for a total transaction of $37,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Orlando sold 17,732 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $7.90, for a total value of $140,082.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,545 shares of company stock valued at $378,396. Corporate insiders own 58.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Endurance International Group Holdings by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock valued at $438,000 after buying an additional 7,011 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Endurance International Group Holdings during the first quarter valued at $288,000. Alambic Investment Management L.P. boosted its stake in Endurance International Group Holdings by 88.0% in the first quarter. Alambic Investment Management L.P. now owns 126,900 shares of the software maker’s stock valued at $996,000 after buying an additional 59,400 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Endurance International Group Holdings during the first quarter valued at $122,000. Finally, Stevens Capital Management LP acquired a new stake in Endurance International Group Holdings during the first quarter valued at $143,000. Hedge funds and other institutional investors own 85.22% of the company’s stock.

Endurance International Group Holdings Company Profile

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 operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

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