Investment analysts at SunTrust Banks, Inc. assumed coverage on shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set a “hold” rating on the software maker’s stock.

A number of other research firms have also issued reports on EIGI. BidaskClub raised Endurance International Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Endurance International Group Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Cantor Fitzgerald reiterated a “hold” rating on shares of Endurance International Group Holdings in a report on Monday, June 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $10.50 price target on shares of Endurance International Group Holdings in a report on Friday, June 23rd. Finally, ValuEngine upgraded Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, May 11th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.00.

Endurance International Group Holdings (EIGI) traded down 2.52% during midday trading on Tuesday, hitting $7.75. The company had a trading volume of 218,335 shares. The stock’s 50-day moving average price is $8.46 and its 200-day moving average price is $8.06. The stock’s market cap is $1.11 billion. Endurance International Group Holdings has a 52-week low of $6.20 and a 52-week high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last posted its earnings results on Tuesday, August 1st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.11. Endurance International Group Holdings had a negative net margin of 12.05% and a negative return on equity of 122.84%. The company had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $289.40 million. During the same period in the previous year, the company posted ($0.21) EPS. Endurance International Group Holdings’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that Endurance International Group Holdings will post ($0.85) EPS for the current fiscal year.

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In other news, insider Katherine J. Andreasen sold 5,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $7.58, for a total transaction of $37,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 9,813 shares of company stock valued at $78,314. Insiders own 58.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EIGI. Vanguard Group Inc. increased its stake in Endurance International Group Holdings by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock worth $39,575,000 after buying an additional 49,395 shares during the last quarter. First Trust Advisors LP increased its stake in Endurance International Group Holdings by 28.4% in the second quarter. First Trust Advisors LP now owns 4,397,050 shares of the software maker’s stock worth $36,715,000 after buying an additional 971,296 shares during the last quarter. State Street Corp increased its stake in Endurance International Group Holdings by 7.2% in the second quarter. State Street Corp now owns 1,179,899 shares of the software maker’s stock worth $9,849,000 after buying an additional 79,607 shares during the last quarter. Norges Bank purchased a new stake in Endurance International Group Holdings during the fourth quarter worth approximately $8,722,000. Finally, Morgan Stanley increased its stake in Endurance International Group Holdings by 25.7% in the first quarter. Morgan Stanley now owns 806,858 shares of the software maker’s stock worth $6,333,000 after buying an additional 164,827 shares during the last quarter. Institutional investors and hedge funds own 86.11% 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.

The Fly

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

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