Endurance International Group Holdings Inc (NASDAQ:EIGI) – Equities research analysts at Oppenheimer raised their FY2018 earnings per share (EPS) estimates for shares of Endurance International Group in a note issued to investors on Tuesday, November 6th. Oppenheimer analyst J. Helfstein now anticipates that the software maker will post earnings per share of ($0.13) for the year, up from their previous forecast of ($0.16). Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Endurance International Group’s Q4 2018 earnings at ($0.05) EPS and FY2019 earnings at ($0.06) EPS.
Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Endurance International Group had a negative return on equity of 5.96% and a negative net margin of 0.68%. The firm had revenue of $283.77 million for the quarter, compared to analysts’ expectations of $284.53 million.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Endurance International Group from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, October 30th. TheStreet cut Endurance International Group from a “c” rating to a “d+” rating in a report on Friday, October 26th. ValuEngine upgraded Endurance International Group from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. Credit Suisse Group increased their target price on Endurance International Group from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Finally, SunTrust Banks restated a “hold” rating and set a $8.00 target price on shares of Endurance International Group in a report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.21.
Shares of EIGI stock opened at $8.50 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.41 and a debt-to-equity ratio of 11.46. The firm has a market cap of $1.37 billion, a PE ratio of -10.90 and a beta of 1.39. Endurance International Group has a 52 week low of $6.95 and a 52 week high of $10.95.
In related news, CFO Marc Montagner sold 9,424 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $9.20, for a total value of $86,700.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Barry Christine Timmins sold 22,863 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $8.83, for a total value of $201,880.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,608 shares of company stock worth $291,348. 58.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in Endurance International Group in the second quarter valued at about $108,000. Verition Fund Management LLC acquired a new position in Endurance International Group in the second quarter valued at about $134,000. Russell Investments Group Ltd. acquired a new position in Endurance International Group in the first quarter valued at about $105,000. PEAK6 Investments L.P. lifted its stake in Endurance International Group by 128.8% in the second quarter. PEAK6 Investments L.P. now owns 15,284 shares of the software maker’s stock valued at $152,000 after buying an additional 68,424 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in Endurance International Group by 44.1% in the first quarter. Cubist Systematic Strategies LLC now owns 20,361 shares of the software maker’s stock valued at $151,000 after buying an additional 6,227 shares during the period. Institutional investors and hedge funds own 91.63% of the company’s stock.
About Endurance International Group
Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.
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