Insider Selling: Endurance International Group (EIGI) CFO Sells $61,356.50 in Stock

Endurance International Group (NASDAQ:EIGI) CFO Marc Montagner sold 8,405 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $7.30, for a total transaction of $61,356.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

EIGI stock opened at $7.25 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 22.48. Endurance International Group has a 52 week low of $6.20 and a 52 week high of $9.50.

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

Several hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its stake in shares of 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 lifted its position in Endurance International Group by 7.2% during the fourth quarter. Profund Advisors LLC now owns 130,654 shares of the software maker’s stock worth $1,097,000 after purchasing an additional 8,807 shares during the period. Aperio Group LLC lifted its position in Endurance International Group by 46.6% during the fourth quarter. Aperio Group LLC now owns 30,759 shares of the software maker’s stock worth $258,000 after purchasing an additional 9,775 shares during the period. Jane Street Group LLC bought a new stake in Endurance International Group during the third quarter worth about $102,000. Finally, Alambic Investment Management L.P. lifted its position in 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 purchasing an additional 12,900 shares during the period. Institutional investors and hedge funds own 89.57% of the company’s stock.

Several research firms have commented on EIGI. Zacks Investment Research downgraded shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Oppenheimer decreased their price target on shares of Endurance International Group from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Morgan Stanley decreased their price target on shares of Endurance International Group from $8.00 to $7.75 and set an “underweight” rating on the stock in a research note on Wednesday, February 14th. Credit Suisse Group decreased their price target on shares of Endurance International Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Finally, BidaskClub upgraded shares of Endurance International Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 22nd. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $8.04.

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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.

Insider Buying and Selling by Quarter for Endurance International Group (NASDAQ:EIGI)

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