Endurance International Group (EIGI) Price Target Lowered to $9.00 at Oppenheimer

Endurance International Group (NASDAQ:EIGI) had its target price dropped by investment analysts at Oppenheimer from $12.00 to $9.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price indicates a potential upside of 16.88% from the stock’s previous close.

EIGI has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Endurance International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Jefferies Group restated a “sell” rating and issued a $5.00 price objective on shares of Endurance International Group in a research report on Tuesday, October 31st. SunTrust Banks restated a “hold” rating and issued a $8.00 price objective on shares of Endurance International Group in a research report on Friday, November 17th. BidaskClub downgraded shares of Endurance International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Credit Suisse Group reduced their price objective on shares of Endurance International Group from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Endurance International Group currently has a consensus rating of “Hold” and a consensus price target of $8.13.

Shares of Endurance International Group (EIGI) traded up $0.35 on Wednesday, hitting $7.70. 431,967 shares of the stock traded hands, compared to its average volume of 303,673. Endurance International Group has a twelve month low of $6.20 and a twelve month high of $9.85. The firm has a market capitalization of $1,076.19, a P/E ratio of -7.00 and a beta of 1.85. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 31.15.

Endurance International Group (NASDAQ:EIGI) last announced its earnings results on Tuesday, February 13th. The software maker reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.20. Endurance International Group had a negative net margin of 12.74% and a negative return on equity of 161.36%. The business had revenue of $294.25 million during the quarter, compared to the consensus estimate of $289.22 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. sell-side analysts forecast that Endurance International Group will post -1 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in EIGI. J. Goldman & Company acquired a new stake in shares of Endurance International Group during the 3rd quarter valued at approximately $421,000. Oxford Asset Management acquired a new stake in shares of Endurance International Group during the 4th quarter valued at approximately $1,100,000. State Street Corp lifted its position in shares of Endurance International Group by 6.8% during the 4th quarter. State Street Corp now owns 1,060,111 shares of the software maker’s stock valued at $9,860,000 after acquiring an additional 67,489 shares during the period. Morgan Stanley lifted its position in shares of Endurance International Group by 33.6% during the 4th quarter. Morgan Stanley now owns 686,367 shares of the software maker’s stock valued at $7,502,000 after acquiring an additional 172,711 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Endurance International Group during the 1st quarter valued at approximately $569,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.

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About Endurance International Group

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.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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