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.
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 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.
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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