Zacks Investment Research upgraded shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) from a sell rating to a hold rating in a research report report published on Tuesday, July 11th.

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 topic of several other reports. Jefferies Group LLC restated a buy rating and set a $10.50 price target on shares of Endurance International Group Holdings in a research note on Friday, June 23rd. ValuEngine upgraded Endurance International Group Holdings from a strong sell rating to a sell rating in a research note on Thursday, May 11th. Finally, Cantor Fitzgerald reiterated a hold rating on shares of Endurance International Group Holdings in a research note on Monday, June 26th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Sell and an average price target of $9.00.

Endurance International Group Holdings (NASDAQ:EIGI) traded up 2.63% during trading on Tuesday, reaching $7.80. The company’s stock had a trading volume of 503,813 shares. The company’s 50-day moving average is $8.65 and its 200-day moving average is $8.08. The company’s market capitalization is $1.07 billion. Endurance International Group Holdings has a 1-year low of $6.20 and a 1-year high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.11. Endurance International Group Holdings had a negative net margin of 12.05% and a negative return on equity of 112.02%. The firm had revenue of $292.26 million for the quarter, compared to the consensus estimate of $289.40 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The company’s revenue was up .5% on a year-over-year basis. Equities analysts anticipate that Endurance International Group Holdings will post ($0.81) EPS for the current year.

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In other Endurance International Group Holdings news, insider Katherine J. Andreasen sold 5,000 shares of the company’s stock in a transaction 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 filing with the SEC, which is available at this link. Also, insider John Orlando sold 17,732 shares of the company’s stock in a transaction 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. Insiders sold a total of 47,545 shares of company stock worth $378,396 over the last three months. 58.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its position in Endurance International Group Holdings by 28.4% in the second quarter. First Trust Advisors LP now owns 4,397,050 shares of the software maker’s stock worth $36,715,000 after buying an additional 971,296 shares during the period. Norges Bank bought a new position in Endurance International Group Holdings during the fourth quarter worth $8,722,000. Spark Investment Management LLC increased its position in Endurance International Group Holdings by 257.5% in the second quarter. Spark Investment Management LLC now owns 766,500 shares of the software maker’s stock worth $6,400,000 after buying an additional 552,100 shares during the period. Prudential Financial Inc. increased its position in Endurance International Group Holdings by 521.8% in the first quarter. Prudential Financial Inc. now owns 397,300 shares of the software maker’s stock worth $3,119,000 after buying an additional 333,400 shares during the period. Finally, Credit Suisse AG increased its position in Endurance International Group Holdings by 375.4% in the first quarter. Credit Suisse AG now owns 266,510 shares of the software maker’s stock worth $2,093,000 after buying an additional 210,449 shares during the period. 85.51% of the stock is currently owned by hedge funds and other institutional investors.

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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