Endurance International Group (EIGI) Rating Lowered to Strong Sell at Zacks Investment Research

Endurance International Group (NASDAQ:EIGI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Endurance International Group Holdings, Inc. is a provider of cloud-based solutions. Its solutions are designed to help small- and medium-sized businesses. The Company’s products and services includes initial Website design and creation, email and commerce solutions as well as offerings, such as scalable and on-demand computing, security, storage and bandwidth, online marketing, mobile and productivity solutions, Web Presence and Commerce Offerings, Computing Resources and Security Offerings, Marketing Solutions and Productivity Tools. Endurance International Group Holdings, Inc. is headquartered in Burlington, Massachusetts. “

Several other analysts also recently issued reports on EIGI. BidaskClub raised shares of Endurance International Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. ValuEngine raised shares of Endurance International Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. SunTrust Banks reissued a “hold” rating and set a $8.00 price target on shares of Endurance International Group in a research report on Thursday, July 26th. Finally, TheStreet raised shares of Endurance International Group from a “d+” rating to a “c” rating in a research report on Friday, July 27th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $8.43.

NASDAQ:EIGI traded up $0.25 during trading hours on Tuesday, hitting $9.15. The stock had a trading volume of 158,200 shares, compared to its average volume of 553,185. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 12.31. Endurance International Group has a 1-year low of $6.95 and a 1-year high of $10.95. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -11.73 and a beta of 1.79.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Endurance International Group had a negative net margin of 3.58% and a negative return on equity of 38.34%. The company had revenue of $287.80 million during the quarter, compared to the consensus estimate of $288.38 million. During the same quarter last year, the company earned ($0.29) earnings per share. Endurance International Group’s revenue for the quarter was down 1.5% on a year-over-year basis. equities analysts anticipate that Endurance International Group will post -0.16 earnings per share for the current year.

In other news, CFO Marc Montagner sold 9,424 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $9.20, for a total transaction of $86,700.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 50.80% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC lifted its stake in Endurance International Group by 40.6% during the second quarter. Aperio Group LLC now owns 53,540 shares of the software maker’s stock worth $533,000 after purchasing an additional 15,447 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Endurance International Group by 73.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,075 shares of the software maker’s stock worth $289,000 after purchasing an additional 12,300 shares during the last quarter. UBS Group AG lifted its stake in Endurance International Group by 30.9% during the first quarter. UBS Group AG now owns 67,737 shares of the software maker’s stock worth $501,000 after purchasing an additional 16,008 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Endurance International Group by 49.0% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 72,400 shares of the software maker’s stock worth $720,000 after purchasing an additional 23,800 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Endurance International Group during the first quarter worth $1,633,000. 90.89% of the stock is owned by institutional investors and hedge funds.

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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