Bank of New York Mellon Corp raised its position in Endurance International Group Holdings Inc (NASDAQ:EIGI) by 5.5% during the third quarter, HoldingsChannel.com reports. The firm owned 256,416 shares of the software maker’s stock after buying an additional 13,381 shares during the quarter. Bank of New York Mellon Corp’s holdings in Endurance International Group were worth $2,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EIGI. Cubist Systematic Strategies LLC raised its position in Endurance International Group by 37.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock valued at $157,000 after purchasing an additional 5,111 shares during the period. Wolverine Trading LLC raised its position in Endurance International Group by 650.3% in the second quarter. Wolverine Trading LLC now owns 20,814 shares of the software maker’s stock valued at $178,000 after purchasing an additional 18,040 shares during the period. Voya Investment Management LLC raised its position in Endurance International Group by 14.9% in the second quarter. Voya Investment Management LLC now owns 29,860 shares of the software maker’s stock valued at $249,000 after purchasing an additional 3,877 shares during the period. Kazazian Asset Management LLC purchased a new stake in Endurance International Group in the second quarter valued at approximately $316,000. Finally, GSA Capital Partners LLP purchased a new stake in Endurance International Group in the second quarter valued at approximately $384,000. 86.43% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on EIGI. SunTrust Banks reissued a “hold” rating and issued a $8.00 target price on shares of Endurance International Group in a research report on Friday, November 17th. Oppenheimer reissued a “buy” rating and issued a $12.00 target price on shares of Endurance International Group in a research report on Tuesday, December 12th. BidaskClub lowered Endurance International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Endurance International Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group boosted their target price on Endurance International Group from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.70.

Endurance International Group Holdings Inc (NASDAQ EIGI) opened at $8.80 on Tuesday. The company has a market cap of $1,241.20, a price-to-earnings ratio of -8.00 and a beta of 1.97. The company has a debt-to-equity ratio of 31.15, a current ratio of 0.33 and a quick ratio of 0.33. Endurance International Group Holdings Inc 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, October 31st. The software maker reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.13). The business had revenue of $295.20 million during the quarter, compared to analyst estimates of $290.45 million. Endurance International Group had a negative return on equity of 161.36% and a negative net margin of 12.74%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.24) EPS. sell-side analysts forecast that Endurance International Group Holdings Inc will post -1 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Endurance International Group (NASDAQ:EIGI)

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