Endurance International Group Holdings, Inc. (EIGI) Stock Rating Reaffirmed by SunTrust Banks, Inc.

Endurance International Group Holdings, Inc. (NASDAQ:EIGI)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a report released on Friday. They currently have a $8.00 price target on the software maker’s stock. SunTrust Banks, Inc.’s target price would suggest a potential downside of 10.61% from the stock’s previous close.

A number of other research firms have also weighed in on EIGI. Zacks Investment Research raised shares of Endurance International Group Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Jefferies Group LLC reissued a “sell” rating and set a $5.00 price target on shares of Endurance International Group Holdings in a research report on Thursday, September 28th. Finally, BidaskClub lowered shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and a consensus target price of $7.70.

Endurance International Group Holdings (EIGI) opened at $8.95 on Friday. 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 Holdings has a 12-month low of $6.20 and a 12-month high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). Endurance International Group Holdings had a negative net margin of 12.74% and a negative return on equity of 161.36%. The firm had revenue of $295.20 million for the quarter, compared to the consensus estimate of $290.45 million. During the same period in the previous year, the business earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts expect that Endurance International Group Holdings will post -1 earnings per share for the current year.

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In related news, CFO Marc Montagner sold 10,229 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $7.62, for a total transaction of $77,944.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 22,887 shares of company stock valued at $177,251 in the last 90 days. 58.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EIGI. JPMorgan Chase & Co. increased its holdings in Endurance International Group Holdings by 14.3% during the first quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock worth $438,000 after buying an additional 7,011 shares during the last quarter. American International Group Inc. increased its holdings in Endurance International Group Holdings by 7.1% during the first quarter. American International Group Inc. now owns 36,962 shares of the software maker’s stock worth $290,000 after buying an additional 2,452 shares during the last quarter. Teachers Advisors LLC increased its holdings in Endurance International Group Holdings by 9.6% during the first quarter. Teachers Advisors LLC now owns 107,939 shares of the software maker’s stock worth $847,000 after buying an additional 9,498 shares during the last quarter. Vanguard Group Inc. increased its holdings in Endurance International Group Holdings by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock worth $39,575,000 after buying an additional 49,395 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Endurance International Group Holdings by 4.2% during the first quarter. Geode Capital Management LLC now owns 544,102 shares of the software maker’s stock worth $4,271,000 after buying an additional 21,793 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

About Endurance International Group Holdings

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 Holdings (NASDAQ:EIGI)

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