Endurance International Group (NASDAQ:EIGI) Lifted to C at TheStreet

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TheStreet upgraded shares of Endurance International Group (NASDAQ:EIGI) from a d rating to a c rating in a report issued on Thursday morning, TheStreetRatingsTable reports.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded Endurance International Group from a sell rating to a hold rating in a research report on Friday. SunTrust Banks decreased their target price 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. Credit Suisse Group decreased 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. ValuEngine lowered Endurance International Group from a buy rating to a hold rating in a report on Thursday, July 2nd. Finally, BidaskClub upgraded Endurance International Group from a buy rating to a strong-buy rating in a report on Friday, July 17th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $5.17.

EIGI opened at $5.67 on Thursday. Endurance International Group has a 52 week low of $1.31 and a 52 week high of $6.69. The business has a fifty day simple moving average of $4.61 and a 200-day simple moving average of $3.64. 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 quarterly earnings results on Thursday, July 30th. The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Endurance International Group had a negative return on equity of 2.41% and a net margin of 1.79%. The business had revenue of $273.99 million during the quarter, compared to analyst estimates of $274.31 million. On average, equities analysts forecast that Endurance International Group will post 0.08 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in Endurance International Group by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 265,737 shares of the software maker’s stock valued at $1,249,000 after buying an additional 5,738 shares in the last quarter. Stone Ridge Asset Management LLC raised its stake in Endurance International Group by 42.3% in the second quarter. Stone Ridge Asset Management LLC now owns 25,588 shares of the software maker’s stock valued at $103,000 after buying an additional 7,600 shares in the last quarter. Wells Fargo & Company MN raised its stake in Endurance International Group by 21.3% in the first quarter. Wells Fargo & Company MN now owns 45,388 shares of the software maker’s stock valued at $88,000 after buying an additional 7,972 shares in the last quarter. Citigroup Inc. raised its stake in Endurance International Group by 55.5% in the first quarter. Citigroup Inc. now owns 22,661 shares of the software maker’s stock valued at $44,000 after buying an additional 8,091 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Endurance International Group by 69.7% in the first quarter. BNP Paribas Arbitrage SA now owns 23,858 shares of the software maker’s stock valued at $46,000 after buying an additional 9,797 shares in the last quarter. Institutional investors 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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