Endurance International Group Hldgs Downgraded to Underperform at Zacks (EIGI)
Endurance International Group Hldgs (NASDAQ:EIGI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday. They currently have a $13.10 price objective on the stock. Zacks‘s price target would suggest a potential downside of 5.00% from the company’s current price.
In other Endurance International Group Hldgs news, Director Peter J. Perrone bought 15,000 shares of Endurance International Group Hldgs stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $13.73 per share, with a total value of $205,950.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Endurance International Group Hldgs from $22.00 to $23.00 in a research note on Friday, August 8th. Separately, analysts at Goldman Sachs downgraded shares of Endurance International Group Hldgs from a “buy” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $15.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Endurance International Group Hldgs in a research note on Wednesday, June 25th. They now have a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.52.
Endurance International Group Hldgs (NASDAQ:EIGI) traded up 2.10% on Wednesday, hitting $14.08. 264,202 shares of the company’s stock traded hands. Endurance International Group Hldgs has a 52-week low of $10.41 and a 52-week high of $16.33. The stock’s 50-day moving average is $14.20 and its 200-day moving average is $13.5. The company’s market cap is $1.819 billion. Endurance International Group Hldgs also was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 6,946,583 shares, a drop of 11.3% from the July 15th total of 7,828,616 shares. Based on an average daily volume of 220,295 shares, the short-interest ratio is currently 31.5 days. Currently, 13.5% of the shares of the stock are sold short.
Endurance International Group Hldgs (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.37. The company had revenue of $152.00 million for the quarter, compared to the consensus estimate of $156.45 million. On average, analysts predict that Endurance International Group Hldgs will post $1.01 earnings per share for the current fiscal year.
Endurance International Group Holdings, Inc is a provider of cloud-based solutions. Its solutions are designed to help small- and medium-sized businesses (NASDAQ:EIGI).
To view Zacks’ full report, visit Zacks’ official website.
Receive News & Ratings for Endurance International Group Hldgs Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endurance International Group Hldgs Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.