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

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. “

A number of other equities analysts have also recently issued reports on EIGI. Cantor Fitzgerald reiterated a “hold” rating and issued a $9.00 price objective on shares of Endurance International Group Holdings in a report on Wednesday, March 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $10.50 price objective on shares of Endurance International Group Holdings in a report on Monday, April 24th. Finally, ValuEngine upgraded Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, May 11th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Endurance International Group Holdings has an average rating of “Hold” and a consensus price target of $8.83.

Endurance International Group Holdings (EIGI) traded up 2.94% during mid-day trading on Tuesday, reaching $8.75. The company had a trading volume of 431,849 shares. The stock’s market capitalization is $1.25 billion. The stock has a 50 day moving average price of $8.02 and a 200-day moving average price of $8.09. Endurance International Group Holdings has a 12-month low of $6.20 and a 12-month high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last posted its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.14. Endurance International Group Holdings had a negative return on equity of 95.25% and a negative net margin of 11.12%. The firm had revenue of $295.10 million during the quarter, compared to analysts’ expectations of $286.89 million. During the same period in the prior year, the business earned $0.16 EPS. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. Equities analysts anticipate that Endurance International Group Holdings will post ($0.75) EPS for the current fiscal year.

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In other Endurance International Group Holdings news, insider John Orlando sold 17,732 shares of the company’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 transaction of $140,082.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katherine J. Andreasen sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $7.58, for a total value of $37,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 53,654 shares of company stock valued at $421,353. 58.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cutler Group LP raised its position in Endurance International Group Holdings by 586.7% in the second quarter. Cutler Group LP now owns 14,517 shares of the software maker’s stock worth $121,000 after buying an additional 17,500 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new position in Endurance International Group Holdings during the first quarter worth approximately $122,000. Stevens Capital Management LP acquired a new position in Endurance International Group Holdings during the first quarter worth approximately $143,000. Invictus RG acquired a new position in Endurance International Group Holdings during the first quarter worth approximately $145,000. Finally, Karp Capital Management Corp acquired a new position in Endurance International Group Holdings during the first quarter worth approximately $146,000. 85.20% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Endurance International Group Holdings (NASDAQ:EIGI)

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