Endurance International Group Holdings Inc. (NASDAQ:EIGI) shares were down 3.8% on Wednesday following insider selling activity. The company traded as low as $8.39 and last traded at $8.46, with a volume of 338,237 shares trading hands. The stock had previously closed at $8.79.

Specifically, Director James Neary acquired 349,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average price of $7.58 per share, with a total value of $2,645,420.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warburg Pincus X. Partners, L.P acquired 1,599,500 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was acquired at an average cost of $8.62 per share, with a total value of $13,787,690.00. The disclosure for this purchase can be found here. 56.50% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on EIGI. Jefferies Group reduced their price target on shares of Endurance International Group Holdings from $17.00 to $9.50 and set a “buy” rating for the company in a report on Thursday, August 4th. Zacks Investment Research downgraded shares of Endurance International Group Holdings from a “hold” rating to a “strong sell” rating in a report on Monday, August 8th. Deutsche Bank AG reduced their price target on shares of 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. Morgan Stanley set a $9.00 price target on shares of Endurance International Group Holdings and gave the company a “hold” rating in a report on Friday, August 19th. Finally, TheStreet downgraded shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.06.

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The company’s market capitalization is $1.20 billion. The firm has a 50 day moving average of $7.88 and a 200-day moving average of $9.16.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.36. The firm earned $290.70 million during the quarter, compared to analyst estimates of $299.63 million. Endurance International Group Holdings had a negative net margin of 3.39% and a positive return on equity of 36.84%. The business’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 company posted ($0.02) earnings per share. On average, analysts forecast that Endurance International Group Holdings Inc. will post ($0.43) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Endurance International Group Holdings by 4.7% in the second quarter. Principal Financial Group Inc. now owns 11,412 shares of the company’s stock worth $103,000 after buying an additional 515 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Endurance International Group Holdings by 3.3% in the second quarter. Nationwide Fund Advisors now owns 38,858 shares of the company’s stock worth $349,000 after buying an additional 1,250 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Endurance International Group Holdings by 1.3% in the second quarter. California State Teachers Retirement System now owns 125,835 shares of the company’s stock worth $1,131,000 after buying an additional 1,676 shares during the last quarter. BlackRock Advisors LLC raised its position in Endurance International Group Holdings by 6.8% in the second quarter. BlackRock Advisors LLC now owns 29,640 shares of the company’s stock valued at $266,000 after buying an additional 1,891 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Endurance International Group Holdings by 17.3% in the first quarter. Legal & General Group Plc now owns 13,523 shares of the company’s stock valued at $141,000 after buying an additional 1,996 shares in the last quarter. Institutional investors and hedge funds own 90.32% 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 serves approximately 4.7 million subscribers across the globe with an integrated suite of over 150 products and services.

5 Day Chart for NASDAQ:EIGI

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