Other institutional investors have also modified their holdings of the company. Stone Ridge Asset Management LLC purchased a new position in Endurance International Group during the 4th quarter worth $141,000. Teacher Retirement System of Texas purchased a new stake in shares of Endurance International Group in the fourth quarter valued at about $183,000. Aperio Group LLC boosted its holdings in shares of Endurance International Group by 46.6% in the fourth quarter. Aperio Group LLC now owns 30,759 shares of the software maker’s stock valued at $258,000 after acquiring an additional 9,775 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Endurance International Group in the fourth quarter valued at about $345,000. Finally, Bogle Investment Management L P DE purchased a new stake in shares of Endurance International Group in the fourth quarter valued at about $349,000. 90.82% of the stock is currently owned by institutional investors.
Metropolitan Life Insurance Co. NY reduced its holdings in shares of Endurance International Group (NASDAQ:EIGI) by 56.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,487 shares of the software maker’s stock after selling 22,885 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Endurance International Group were worth $147,000 as of its most recent filing with the SEC.
Shares of NASDAQ EIGI opened at $7.35 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 22.48. Endurance International Group has a 52 week low of $6.95 and a 52 week high of $9.50. The stock has a market capitalization of $1,048.05, a P/E ratio of -9.42 and a beta of 1.81.
Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ 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 130.24%. The firm had revenue of $294.25 million during the quarter, compared to analysts’ expectations of $289.22 million. During the same quarter last year, the business earned ($0.26) earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. research analysts anticipate that Endurance International Group will post -0.19 EPS for the current fiscal year.
In related news, insider David C. Bryson sold 4,888 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $7.30, for a total value of $35,682.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy S. Mathews sold 4,432 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $7.30, for a total transaction of $32,353.60. The disclosure for this sale can be found here. Insiders sold 105,614 shares of company stock valued at $770,982 in the last quarter. Company insiders own 50.80% of the company’s stock.
EIGI has been the topic of several analyst reports. Goldman Sachs initiated coverage on shares of Endurance International Group in a report on Friday, March 23rd. They issued a “sell” rating and a $8.50 target price on the stock. BidaskClub downgraded shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Zacks Investment Research raised shares of Endurance International Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Credit Suisse Group lowered their target price on shares of Endurance International Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Finally, Morgan Stanley lowered their target price on shares of Endurance International Group from $8.00 to $7.75 and set an “underweight” rating on the stock in a report on Wednesday, February 14th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.04.
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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