Endurance International Group (NASDAQ:EIGI) was upgraded by stock analysts at TheStreet from a "d" rating to a "c" rating in a research report issued on Thursday, TheStreetRatingsTable reports.
A number of other analysts have also issued reports on the company. ValuEngine lowered Endurance International Group from a "buy" rating to a "hold" rating in a report on Thursday, July 2nd. Credit Suisse Group reduced their target price on Endurance International Group from $9.00 to $8.00 and set an "outperform" rating for the company in a report on Friday, May 1st. BidaskClub upgraded Endurance International Group from a "buy" rating to a "strong-buy" rating in a report on Friday, July 17th. Zacks Investment Research upgraded Endurance International Group from a "sell" rating to a "hold" rating in a report on Friday. Finally, SunTrust Banks cut their price objective on Endurance International Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Friday, May 1st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average target price of $5.17.
Shares of NASDAQ:EIGI opened at $5.67 on Thursday. Endurance International Group has a one year low of $1.31 and a one year high of $6.69. The stock has a fifty day moving average of $4.61 and a 200-day moving average of $3.64. The company has a market capitalization of $796.35 million, a PE ratio of 43.62 and a beta of 2.09. The company has a debt-to-equity ratio of 8.93, a quick ratio of 0.48 and a current ratio of 0.48.
Endurance International Group (NASDAQ:EIGI) last released its earnings results on Thursday, July 30th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.02. The company had revenue of $273.99 million during the quarter, compared to analyst estimates of $274.31 million. Endurance International Group had a negative return on equity of 2.41% and a net margin of 1.79%. As a group, research analysts forecast that Endurance International Group will post 0.06 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. UBS Group AG raised its holdings in shares of Endurance International Group by 105.2% during the second quarter. UBS Group AG now owns 700,570 shares of the software maker's stock worth $2,823,000 after acquiring an additional 359,154 shares in the last quarter. Mackay Shields LLC raised its holdings in shares of Endurance International Group by 12.6% during the second quarter. Mackay Shields LLC now owns 562,900 shares of the software maker's stock worth $2,268,000 after acquiring an additional 62,900 shares in the last quarter. Chicago Capital LLC raised its holdings in shares of Endurance International Group by 480.3% during the second quarter. Chicago Capital LLC now owns 771,640 shares of the software maker's stock worth $3,110,000 after acquiring an additional 638,669 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Endurance International Group during the second quarter worth $255,000. Finally, Strs Ohio purchased a new stake in shares of Endurance International Group during the second quarter worth $89,000. Institutional investors and hedge funds own 83.65% of the company's stock.
Endurance International Group Company Profile
Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. 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 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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