Endurance International Group (EIGI) PT Lowered to $9.00

Endurance International Group (NASDAQ:EIGI) had its target price lowered by research analysts at Credit Suisse Group from $10.00 to $9.00 in a research note issued on Wednesday. The brokerage currently has an “outperform” rating on the software maker’s stock. Credit Suisse Group’s price target would suggest a potential upside of 16.88% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. BidaskClub downgraded Endurance International Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Endurance International Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Oppenheimer restated a “buy” rating and set a $12.00 price target on shares of Endurance International Group in a research note on Tuesday, December 12th. SunTrust Banks restated a “hold” rating and set a $8.00 price target on shares of Endurance International Group in a research note on Friday, November 17th. Finally, Jefferies Group raised their price target on shares of Endurance International Group from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.63.

Endurance International Group (EIGI) traded up $0.35 during mid-day trading on Wednesday, reaching $7.70. The company had a trading volume of 431,967 shares, compared to its average volume of 303,673. Endurance International Group has a fifty-two week low of $6.20 and a fifty-two week high of $9.85. The firm has a market capitalization of $1,076.19, a P/E ratio of -6.68 and a beta of 1.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 31.15.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC lifted its stake in Endurance International Group by 14.9% during the second quarter. Voya Investment Management LLC now owns 29,860 shares of the software maker’s stock worth $249,000 after purchasing an additional 3,877 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Endurance International Group by 37.4% during the second quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock worth $157,000 after purchasing an additional 5,111 shares during the period. Alliancebernstein L.P. lifted its stake in Endurance International Group by 8.8% during the second quarter. Alliancebernstein L.P. now owns 70,600 shares of the software maker’s stock worth $590,000 after purchasing an additional 5,700 shares during the period. New York State Common Retirement Fund lifted its stake in Endurance International Group by 6.5% during the third quarter. New York State Common Retirement Fund now owns 109,299 shares of the software maker’s stock worth $896,000 after purchasing an additional 6,674 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of Endurance International Group by 7.2% in the fourth quarter. Profund Advisors LLC now owns 130,654 shares of the software maker’s stock valued at $1,097,000 after acquiring an additional 8,807 shares during the last quarter. 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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