Endurance International Group Hldgs Shares Up 2.8% After Insider Buying Activity (EIGI)
Endurance International Group Hldgs (NASDAQ:EIGI)’s share price shot up 2.8% during mid-day trading on Wednesday following insider buying activity, Stock Ratings News reports. The company traded as high as $14.43 and last traded at $14.18, with a volume of 249,263 shares changing hands. The stock had previously closed at $13.79.
Specifically, Director Peter J. Perrone bought 15,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $13.73 per share, for a total transaction of $205,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EIGI shares. 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 hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $18.40.
The stock has a 50-day moving average of $14.20 and a 200-day moving average of $13.5. The company’s market cap is $1.833 billion. Endurance International Group Hldgs also saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 6,946,583 shares, a decrease of 11.3% from the July 15th total of 7,828,616 shares. Based on an average daily volume of 220,295 shares, the days-to-cover ratio is currently 31.5 days. Approximately 13.5% of the shares of the company are sold short.
Endurance International Group Hldgs (NASDAQ:EIGI) last released its earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the 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).
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