Endurance International Group (EIGI) Now Covered by Analysts at Goldman Sachs

Goldman Sachs initiated coverage on shares of Endurance International Group (NASDAQ:EIGI) in a research note issued to investors on Friday morning. The firm issued a sell rating and a $8.50 target price on the software maker’s stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer reiterated a buy rating and set a $12.00 target price on shares of Endurance International Group in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Endurance International Group from a sell rating to a hold rating in a research note on Friday, February 16th. BidaskClub upgraded shares of Endurance International Group from a sell rating to a hold rating in a research note on Wednesday, March 14th. Credit Suisse Group decreased 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 note on Wednesday, February 14th. Finally, Morgan Stanley decreased their price objective on shares of Endurance International Group from $8.00 to $7.75 and set an underweight rating for the company in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $8.18.

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Shares of Endurance International Group (EIGI) traded down $0.25 during mid-day trading on Friday, hitting $7.40. 511,124 shares of the company were exchanged, compared to its average volume of 458,351. The company has a debt-to-equity ratio of 22.48, a current ratio of 0.32 and a quick ratio of 0.32. Endurance International Group has a 12-month low of $6.20 and a 12-month high of $9.50.

Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Tuesday, February 13th. The software maker reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.20. The firm had revenue of $294.25 million during the quarter, compared to the consensus estimate of $289.22 million. Endurance International Group had a negative net margin of 9.12% and a negative return on equity of 130.24%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. sell-side analysts anticipate that Endurance International Group will post -0.19 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its stake in Endurance International Group by 6.5% in the third quarter. New York State Common Retirement Fund now owns 109,299 shares of the software maker’s stock valued at $896,000 after acquiring an additional 6,674 shares in the last quarter. Profund Advisors LLC boosted its stake in 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 in the last quarter. Aperio Group LLC boosted its stake in Endurance International Group by 46.6% in the fourth quarter. Aperio Group LLC now owns 30,759 shares of the software maker’s stock valued at $258,000 after acquiring an additional 9,775 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Endurance International Group during the third quarter worth about $102,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Endurance International Group by 8.3% during the fourth quarter. Alambic Investment Management L.P. now owns 169,000 shares of the software maker’s stock worth $1,420,000 after buying an additional 12,900 shares during the period. Institutional investors own 89.57% 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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