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

Several other analysts have also commented on EIGI. Jefferies Group LLC reaffirmed a “sell” rating and set a $5.00 target price on shares of Endurance International Group Holdings in a report on Thursday, September 28th. SunTrust Banks, Inc. assumed coverage on Endurance International Group Holdings in a report on Tuesday, August 15th. They set a “hold” rating and a $8.00 target price on the stock. BidaskClub lowered Endurance International Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Endurance International Group Holdings in a report on Monday, June 26th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average target price of $7.50.

Endurance International Group Holdings (NASDAQ:EIGI) traded down 0.61% during midday trading on Tuesday, hitting $8.15. The stock had a trading volume of 449,758 shares. The stock’s 50 day moving average price is $7.89 and its 200-day moving average price is $7.94. The company’s market cap is $1.17 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) EPS 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 analyst estimates of $289.40 million. Endurance International Group Holdings had a negative return on equity of 122.84% and a negative net margin of 12.05%. The firm’s revenue was up .5% on a year-over-year basis. During the same period last year, the business earned ($0.21) earnings per share. Equities research analysts predict that Endurance International Group Holdings will post ($0.87) earnings per share for the current year.

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In other Endurance International Group Holdings news, CFO Marc Montagner sold 6,877 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $7.55, for a total value of $51,921.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Orlando sold 8,531 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $7.85, for a total value of $66,968.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,338 shares of company stock worth $202,465. 58.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Cutler Group LP grew its holdings 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 purchasing an additional 17,500 shares during the period. Invictus RG acquired a new stake in Endurance International Group Holdings in the first quarter valued at approximately $145,000. Karp Capital Management Corp acquired a new stake in Endurance International Group Holdings in the first quarter valued at approximately $146,000. Cubist Systematic Strategies LLC grew its holdings in Endurance International Group Holdings by 37.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock valued at $157,000 after purchasing an additional 5,111 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in Endurance International Group Holdings in the first quarter valued at approximately $163,000. 86.40% of the stock is currently owned by institutional investors.

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

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