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

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. “

Several other equities analysts also recently weighed in on EIGI. BidaskClub raised Endurance International Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Cantor Fitzgerald reissued a “hold” rating on shares of Endurance International Group Holdings in a research report on Monday, June 26th. Jefferies Group LLC reissued a “buy” rating and set a $10.50 price target on shares of Endurance International Group Holdings in a research report on Friday, June 23rd. Finally, ValuEngine raised Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 11th. Five research 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. Endurance International Group Holdings presently has an average rating of “Sell” and an average price target of $9.00.

Endurance International Group Holdings (NASDAQ EIGI) traded down 0.65% during trading on Friday, reaching $7.60. The company’s stock had a trading volume of 696,053 shares. Endurance International Group Holdings has a 52 week low of $6.20 and a 52 week high of $9.85. The company’s market capitalization is $1.05 billion. The company has a 50 day moving average price of $8.65 and a 200-day moving average price of $8.08.

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

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In other news, insider John Orlando sold 17,732 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which is available at the SEC website. Also, insider Katherine J. Andreasen sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $8.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 47,545 shares of company stock worth $378,396 in the last 90 days. Insiders own 58.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cutler Group LP boosted its stake 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 valued at $121,000 after buying an additional 17,500 shares during the period. Nine Chapters Capital Management LLC purchased a new position in shares of Endurance International Group Holdings during the first quarter worth $122,000. Stevens Capital Management LP purchased a new position in shares of Endurance International Group Holdings during the first quarter worth $143,000. Invictus RG purchased a new position in shares of Endurance International Group Holdings during the first quarter worth $145,000. Finally, Karp Capital Management Corp purchased a new position in shares of Endurance International Group Holdings during the first quarter worth $146,000. Institutional investors and hedge funds own 85.22% of the company’s stock.

About Endurance International Group Holdings

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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