Marc Montagner Sells 32,256 Shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) Stock

Endurance International Group Holdings Inc (NASDAQ:EIGI) CFO Marc Montagner sold 32,256 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $6.32, for a total transaction of $203,857.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Marc Montagner also recently made the following trade(s):

  • On Wednesday, April 17th, Marc Montagner sold 73,008 shares of Endurance International Group stock. The shares were sold at an average price of $6.42, for a total transaction of $468,711.36.
  • On Tuesday, April 2nd, Marc Montagner sold 8,333 shares of Endurance International Group stock. The shares were sold at an average price of $7.40, for a total transaction of $61,664.20.
  • On Monday, February 11th, Marc Montagner sold 7,851 shares of Endurance International Group stock. The shares were sold at an average price of $7.55, for a total transaction of $59,275.05.

Shares of NASDAQ:EIGI opened at $4.73 on Friday. The firm has a market cap of $690.40 million, a PE ratio of 157.67 and a beta of 1.15. The company has a debt-to-equity ratio of 10.32, a current ratio of 0.42 and a quick ratio of 0.42. Endurance International Group Holdings Inc has a 52-week low of $4.72 and a 52-week high of $10.95.

Endurance International Group (NASDAQ:EIGI) last announced its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $280.70 million during the quarter, compared to the consensus estimate of $283.41 million. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) earnings per share. On average, sell-side analysts anticipate that Endurance International Group Holdings Inc will post -0.05 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of Endurance International Group by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 279,240 shares of the software maker’s stock valued at $2,457,000 after buying an additional 9,180 shares in the last quarter. BlackRock Inc. increased its position in shares of Endurance International Group by 4.2% in the third quarter. BlackRock Inc. now owns 4,835,478 shares of the software maker’s stock valued at $42,551,000 after buying an additional 193,309 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Endurance International Group by 34.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,724,309 shares of the software maker’s stock valued at $15,174,000 after buying an additional 441,542 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Endurance International Group by 1,795.2% in the third quarter. JPMorgan Chase & Co. now owns 270,186 shares of the software maker’s stock valued at $2,378,000 after buying an additional 255,930 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Endurance International Group in the third quarter valued at $126,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Endurance International Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. ValuEngine downgraded shares of Endurance International Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Endurance International Group from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, Goldman Sachs Group upgraded shares of Endurance International Group from a “sell” rating to a “neutral” rating and set a $7.50 price target for the company in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Endurance International Group presently has an average rating of “Hold” and a consensus target price of $8.63.

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About Endurance International Group

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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