Endurance International Group Holdings Inc (EIGI) Insider Barry Christine Timmins Sells 22,863 Shares

Endurance International Group Holdings Inc (NASDAQ:EIGI) insider Barry Christine Timmins sold 22,863 shares of the company’s stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total transaction of $201,880.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ EIGI traded down $0.45 during trading hours on Thursday, hitting $8.53. 503,700 shares of the stock were exchanged, compared to its average volume of 541,919. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 12.31. The company has a market cap of $1.26 billion, a P/E ratio of -11.35 and a beta of 1.81. Endurance International Group Holdings Inc has a one year low of $6.95 and a one year high of $10.95.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $287.80 million during the quarter, compared to the consensus estimate of $288.38 million. Endurance International Group had a negative net margin of 3.58% and a negative return on equity of 38.34%. Endurance International Group’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) EPS. Equities research analysts forecast that Endurance International Group Holdings Inc will post -0.16 EPS for the current fiscal year.

Several research firms recently issued reports on EIGI. ValuEngine raised shares of Endurance International Group from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. TheStreet raised shares of Endurance International Group from a “d+” rating to a “c” rating in a report on Friday, July 27th. BidaskClub downgraded shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research downgraded shares of Endurance International Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.43.

Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Endurance International Group by 40.6% during the 2nd quarter. Aperio Group LLC now owns 53,540 shares of the software maker’s stock valued at $533,000 after purchasing an additional 15,447 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Endurance International Group by 73.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,075 shares of the software maker’s stock valued at $289,000 after purchasing an additional 12,300 shares during the last quarter. BlackRock Inc. raised its stake in Endurance International Group by 24.9% during the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock valued at $46,189,000 after purchasing an additional 924,079 shares during the last quarter. Sterling Capital Management LLC acquired a new position in Endurance International Group during the 2nd quarter valued at $924,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Endurance International Group by 49.0% during the 2nd 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 valued at $720,000 after purchasing an additional 23,800 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

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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