Endurance International Group Holdings, Inc. (NASDAQ:EIGI) Stock Price Down 11.4% After Earnings Miss

Endurance International Group Holdings, Inc. (NASDAQ:EIGI)’s share price dropped 11.4% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $8.05 and last traded at $8.20, with a volume of 1,728,934 shares trading hands. The stock had previously closed at $9.25.

The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.11. Endurance International Group Holdings had a negative return on equity of 122.84% and a negative net margin of 12.05%. The company had revenue of $292.26 million for the quarter, compared to analysts’ expectations of $289.40 million. During the same quarter last year, the business posted ($0.21) EPS. The business’s quarterly revenue was up .5% on a year-over-year basis.

Several equities analysts have recently weighed in on EIGI shares. Jefferies Group LLC reiterated a “buy” rating and issued a $10.50 target price on shares of Endurance International Group Holdings in a research note on Monday, April 24th. ValuEngine upgraded shares of Endurance International Group Holdings from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 11th. Zacks Investment Research downgraded shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Endurance International Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of Endurance International Group Holdings in a research note on Monday, June 26th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Endurance International Group Holdings currently has an average rating of “Hold” and an average price target of $8.83.

In other news, insider John Orlando sold 8,531 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $7.85, for a total value of $66,968.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 13,344 shares of company stock valued at $107,382 in the last quarter. Corporate insiders own 58.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its position in Endurance International Group Holdings by 521.8% in the first quarter. Prudential Financial Inc. now owns 397,300 shares of the software maker’s stock worth $3,119,000 after buying an additional 333,400 shares during the period. JPMorgan Chase & Co. raised its position in Endurance International Group Holdings by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock worth $438,000 after buying an additional 7,011 shares during the period. Quantbot Technologies LP purchased a new position in Endurance International Group Holdings during the first quarter worth approximately $288,000. Alambic Investment Management L.P. raised its position in Endurance International Group Holdings by 88.0% in the first quarter. Alambic Investment Management L.P. now owns 126,900 shares of the software maker’s stock worth $996,000 after buying an additional 59,400 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new position in Endurance International Group Holdings during the first quarter worth approximately $122,000. Institutional investors own 86.11% of the company’s stock.

The company’s 50-day moving average price is $8.38 and its 200-day moving average price is $8.05. The stock’s market capitalization is $1.07 billion.

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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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