Marc Montagner Sells 102,282 Shares of Endurance International Group Holdings Inc (EIGI) Stock

Endurance International Group Holdings Inc (NASDAQ:EIGI) CFO Marc Montagner sold 102,282 shares of Endurance International Group Holdings stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $7.64, for a total value of $781,434.48. Following the sale, the chief financial officer now directly owns 307,400 shares of the company’s stock, valued at approximately $2,348,536. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Endurance International Group Holdings Inc (NASDAQ:EIGI) traded up 1.056% during trading on Friday, reaching $7.175. The company had a trading volume of 222,187 shares. The firm has a 50-day moving average of $7.68 and a 200-day moving average of $8.06. Endurance International Group Holdings Inc has a 1-year low of $6.20 and a 1-year high of $11.19. The stock’s market capitalization is $1.02 billion.

Endurance International Group Holdings (NASDAQ:EIGI) last announced its quarterly earnings results on Thursday, February 16th. The software maker reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.24. Endurance International Group Holdings had a negative net margin of 4.66% and a positive return on equity of 18.29%. The company had revenue of $292.10 million for the quarter, compared to analyst estimates of $277.58 million. During the same quarter in the prior year, the business posted ($0.07) EPS. Endurance International Group Holdings’s quarterly revenue was up 51.3% on a year-over-year basis. On average, analysts anticipate that Endurance International Group Holdings Inc will post ($0.74) EPS for the current fiscal year.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in EIGI. Warburg Pincus LLC raised its position in shares of Endurance International Group Holdings by 0.4% in the fourth quarter. Warburg Pincus LLC now owns 52,562,956 shares of the software maker’s stock valued at $488,835,000 after buying an additional 184,300 shares during the period. Okumus Fund Management Ltd. raised its position in shares of Endurance International Group Holdings by 600.2% in the third quarter. Okumus Fund Management Ltd. now owns 6,989,412 shares of the software maker’s stock valued at $61,157,000 after buying an additional 5,991,191 shares during the period. Wells Fargo & Company MN raised its position in shares of Endurance International Group Holdings by 43.8% in the third quarter. Wells Fargo & Company MN now owns 5,969,355 shares of the software maker’s stock valued at $52,232,000 after buying an additional 1,819,253 shares during the period. State Street Corp raised its position in shares of Endurance International Group Holdings by 6.8% in the fourth quarter. State Street Corp now owns 1,060,111 shares of the software maker’s stock valued at $9,860,000 after buying an additional 67,489 shares during the period. Finally, Norges Bank purchased a new position in Endurance International Group Holdings during the fourth quarter worth about $8,722,000. Institutional investors own 85.90% of the company’s stock.

A number of analysts have commented on EIGI shares. Morgan Stanley reaffirmed an “underweight” rating and set a $8.50 price target on shares of Endurance International Group Holdings in a research report on Tuesday, February 21st. Goldman Sachs Group Inc cut Endurance International Group Holdings from a “neutral” rating to a “sell” rating and set a $7.00 price objective for the company. in a report on Tuesday, January 3rd. Zacks Investment Research cut Endurance International Group Holdings from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Jefferies Group LLC boosted their price objective on Endurance International Group Holdings from $9.50 to $10.50 and gave the company a “buy” rating in a report on Friday, February 17th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $9.00 price objective on shares of Endurance International Group Holdings in a report on Wednesday, March 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.14.

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.

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