Notable Runner: Could Endurance International Group Hldgs Inc Change Direction After Today’s Significant Increase?

Notable Runner: Could Endurance International Group Hldgs Inc Change Direction After Today's Significant Increase?

The stock of Endurance International Group Hldgs Inc (NASDAQ:EIGI) is a huge mover today! About 351,694 shares traded hands. Endurance International Group Hldgs Inc (NASDAQ:EIGI) has declined 20.55% since March 15, 2016 and is downtrending. It has underperformed by 26.03% the S&P500.
The move comes after 6 months positive chart setup for the $1.14B company. It was reported on Oct, 18 by Barchart.com. We have $12.47 PT which if reached, will make NASDAQ:EIGI worth $615.60 million more.

Analysts await Endurance International Group Hldgs Inc (NASDAQ:EIGI) to report earnings on November, 7. They expect $-0.22 earnings per share, down 222.22% or $0.40 from last year’s $0.18 per share. After $0.10 actual earnings per share reported by Endurance International Group Hldgs Inc for the previous quarter, Wall Street now forecasts -320.00% negative EPS growth.

Endurance International Group Hldgs Inc (NASDAQ:EIGI) Ratings Coverage

Out of 7 analysts covering Endurance International Group Holdings (NASDAQ:EIGI), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Endurance International Group Holdings has been the topic of 10 analyst reports since November 2, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Buy” rating in Thursday, August 4 report. The stock of Endurance International Group Hldgs Inc (NASDAQ:EIGI) earned “Equal-Weight” rating by Morgan Stanley on Monday, March 28. Credit Suisse maintained it with “Outperform” rating and $18 target price in Monday, April 4 report. Oppenheimer upgraded the stock to “Outperform” rating in Thursday, November 5 report. On Monday, November 2 the stock rating was downgraded by Cowen & Co to “Market Perform”.

According to Zacks Investment Research, “Endurance International Group Holdings, Inc. is a provider of cloud-based solutions. Its solutions are designed to help small- and medium-sized businesses. The Company’s products and services includes initial Website design and creation, email and commerce solutions as well as offerings, such as scalable and on-demand computing, security, storage and bandwidth, online marketing, mobile and productivity solutions, Web Presence and Commerce Offerings, Computing Resources and Security Offerings, Marketing Solutions and Productivity Tools. Endurance International Group Holdings, Inc. is headquartered in Burlington, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 1.19 in Q2 2016. Its down 0.26, from 1.45 in 2016Q1. The ratio turned negative, as 15 funds sold all Endurance International Group Hldgs Inc shares owned while 21 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 127.45 million shares or 1.17% less from 128.96 million shares in 2016Q1.
Highbridge Capital Mngmt Ltd Liability has invested 0.01% of its portfolio in Endurance International Group Hldgs Inc (NASDAQ:EIGI). Schwab Charles Mngmt last reported 446,300 shares in the company. Price T Rowe Md holds 8.99 million shares or 0.02% of its portfolio. Td Asset Mgmt Incorporated has 0% invested in the company for 19,112 shares. First Mercantile Tru has 0.09% invested in the company for 83,296 shares. Profund Advisors Ltd last reported 51,769 shares in the company. Axa accumulated 0% or 46,500 shares. Walleye Trading Limited Liability Corporation accumulated 10,882 shares or 0% of the stock. Legal & General Gp Public Ltd last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement owns 19,273 shares or 0% of their US portfolio. Swiss National Bank & Trust accumulated 107,400 shares or 0% of the stock. Manufacturers Life Ins Communication The owns 43,071 shares or 0% of their US portfolio. Geode Capital Management has invested 0% of its portfolio in Endurance International Group Hldgs Inc (NASDAQ:EIGI). Nationwide Fund Advsrs holds 0% or 38,858 shares in its portfolio. Dimensional Fund Lp holds 0% of its portfolio in Endurance International Group Hldgs Inc (NASDAQ:EIGI) for 255,203 shares.

Insider Transactions: Since June 17, 2016, the stock had 39 buys, and 3 selling transactions for $188.80 million net activity. 209,300 shares were bought by Warburg Pincus X Partners – L.P., worth $1.81M on Friday, September 30. Shares for $13.78 million were bought by Neary James. Another trade for 666,000 shares valued at $4.57 million was bought by Reedy Chandler. $13.78 million worth of Endurance International Group Hldgs Inc (NASDAQ:EIGI) was bought by Warburg Pincus Private Equity X – L.P.. SADRIAN JUSTIN bought $4.57M worth of stock. $14,442 worth of Endurance International Group Hldgs Inc (NASDAQ:EIGI) was sold by Mathews Timothy S. Montagner Marc sold $86,543 worth of stock.

Another recent and important Endurance International Group Hldgs Inc (NASDAQ:EIGI) news was published by Fool.com which published an article titled: “Why Shares of Endurance International Group Holdings Inc. Slumped Today” on May 04, 2016.

EIGI Company Profile

Endurance International Group Holdings, Inc. (Endurance), incorporated on October 28, 2011, is a well-known provider of cloud platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The services and products available on its platform include Website builders, domains, mobile site builders, cloud hosting solutions, premium domains, Website analytics, search engine marketing (SEM) and search engine optimization (SEO), e-mail marketing, productivity and e-commerce tools, and cloud storage solutions. It conducts activities in the United States, Brazil, India, Israel and the United Kingdom. The Firm serves approximately 4.7 million subscribers across the globe with an integrated suite of over 150 services and products.

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