Endurance International Group Holdings Inc (NASDAQ:EIGI)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.71 and traded as high as $4.91. Endurance International Group shares last traded at $4.79, with a volume of 32,372 shares changing hands.

EIGI has been the topic of several research analyst reports. ValuEngine upgraded Endurance International Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Endurance International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 8th. Finally, BidaskClub upgraded Endurance International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.63.

The company has a debt-to-equity ratio of 11.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $661.63 million, a PE ratio of 162.33 and a beta of 1.22. The business has a 50-day moving average of $4.71 and a 200 day moving average of $5.77.

Endurance International Group (NASDAQ:EIGI) last posted its earnings results on Thursday, August 1st. The software maker reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The company had revenue of $278.20 million for the quarter, compared to the consensus estimate of $279.72 million. Endurance International Group had a positive return on equity of 5.21% and a negative net margin of 2.07%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.01) earnings per share. As a group, research analysts anticipate that Endurance International Group Holdings Inc will post -0.23 EPS for the current year.

In other news, major shareholder Opportunistic Value Fun Okumus bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average cost of $4.30 per share, for a total transaction of $129,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 50.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of EIGI. First Trust Advisors LP raised its position in Endurance International Group by 43.3% during the second quarter. First Trust Advisors LP now owns 9,993,429 shares of the software maker’s stock valued at $47,968,000 after purchasing an additional 3,017,718 shares during the period. Okumus Fund Management Ltd. raised its position in Endurance International Group by 20.2% during the second quarter. Okumus Fund Management Ltd. now owns 14,533,400 shares of the software maker’s stock valued at $69,760,000 after purchasing an additional 2,441,502 shares during the period. Norges Bank purchased a new stake in Endurance International Group during the fourth quarter valued at approximately $8,058,000. Dimensional Fund Advisors LP raised its position in Endurance International Group by 18.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,039,710 shares of the software maker’s stock valued at $13,564,000 after purchasing an additional 315,401 shares during the period. Finally, IndexIQ Advisors LLC purchased a new stake in Endurance International Group during the first quarter valued at approximately $1,586,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

About Endurance International Group (NASDAQ:EIGI)

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. 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 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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