Endurance International Group (EIGI) Price Target Cut to $7.75 by Analysts at Morgan Stanley

Endurance International Group (NASDAQ:EIGI) had its target price trimmed by Morgan Stanley from $8.00 to $7.75 in a report published on Wednesday morning. The firm currently has an underweight rating on the software maker’s stock.

Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Endurance International Group from a sell rating to a strong sell rating in a report on Tuesday, January 23rd. Oppenheimer reiterated a buy rating and set a $12.00 target price on shares of Endurance International Group in a report on Tuesday, December 12th. SunTrust Banks reiterated a hold rating and set a $8.00 target price on shares of Endurance International Group in a report on Friday, November 17th. Zacks Investment Research cut shares of Endurance International Group from a hold rating to a sell rating in a report on Wednesday, January 10th. Finally, Jefferies Group reiterated a sell rating and set a $5.00 target price on shares of Endurance International Group in a report on Tuesday, October 31st. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $8.13.

Endurance International Group (EIGI) traded up $0.35 during midday trading on Wednesday, hitting $7.70. 436,000 shares of the stock were exchanged, compared to its average volume of 295,005. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 31.15. The company has a market capitalization of $1,054.66, a PE ratio of -9.75 and a beta of 1.85. Endurance International Group has a 12-month low of $6.20 and a 12-month high of $9.85.

Endurance International Group (NASDAQ:EIGI) last posted its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.05 EPS for the quarter, topping the Zacks’ 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 130.55%. The firm had revenue of $294.25 million for the quarter, compared to analysts’ expectations of $289.22 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. research analysts forecast that Endurance International Group will post -0.5 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Okumus Fund Management Ltd. lifted its position in shares of Endurance International Group by 4.9% during the fourth quarter. Okumus Fund Management Ltd. now owns 12,801,052 shares of the software maker’s stock valued at $107,529,000 after buying an additional 601,025 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Endurance International Group by 3.4% during the fourth quarter. First Trust Advisors LP now owns 4,743,982 shares of the software maker’s stock valued at $39,849,000 after buying an additional 157,922 shares during the last quarter. BlackRock Inc. lifted its position in shares of Endurance International Group by 0.5% during the fourth quarter. BlackRock Inc. now owns 3,737,112 shares of the software maker’s stock valued at $31,391,000 after buying an additional 17,124 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Endurance International Group by 48.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,708,800 shares of the software maker’s stock valued at $14,354,000 after buying an additional 559,200 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Endurance International Group by 7.2% during the second quarter. State Street Corp now owns 1,179,899 shares of the software maker’s stock valued at $9,849,000 after buying an additional 79,607 shares during the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.

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Endurance International Group Company Profile

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.

Analyst Recommendations for Endurance International Group (NASDAQ:EIGI)

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