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

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. “

EIGI has been the topic of a number of other reports. BidaskClub lowered shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC raised their price objective on shares of Endurance International Group Holdings from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Wednesday. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $8.00 price objective on shares of Endurance International Group Holdings in a report on Thursday, October 12th. Six investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Endurance International Group Holdings presently has a consensus rating of “Sell” and a consensus target price of $7.70.

Endurance International Group Holdings (NASDAQ:EIGI) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $295.20 million during the quarter, compared to analyst estimates of $290.45 million. Endurance International Group Holdings had a negative net margin of 12.74% and a negative return on equity of 145.17%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) earnings per share.

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In other news, 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 transaction of $66,968.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $51,921.35. The disclosure for this sale can be found here. Insiders sold 28,482 shares of company stock valued at $219,939 in the last ninety days. 58.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP lifted its stake in Endurance International Group Holdings by 4.3% during the 3rd quarter. First Trust Advisors LP now owns 4,586,060 shares of the software maker’s stock valued at $37,606,000 after acquiring an additional 189,010 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Endurance International Group Holdings by 37.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock valued at $157,000 after buying an additional 5,111 shares in the last quarter. Mitra Capital LLC purchased a new position in Endurance International Group Holdings during the 2nd quarter valued at about $1,032,000. State Street Corp grew its holdings in Endurance International Group Holdings by 7.2% during the 2nd quarter. State Street Corp now owns 1,179,899 shares of the software maker’s stock valued at $9,849,000 after buying an additional 79,607 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in Endurance International Group Holdings by 33.8% during the 2nd quarter. Gotham Asset Management LLC now owns 52,987 shares of the software maker’s stock valued at $442,000 after buying an additional 13,387 shares in the last quarter. Institutional investors own 86.53% 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 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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