Endurance International Group Hldgs Inc (EIGI) is Initiated by Cantor Fitzgerald to Hold, Price Target at $9

Endurance International Group Hldgs Inc (EIGI) was Initiated by Cantor Fitzgerald to “Hold” and the brokerage firm has set the Price Target at $9. Cantor Fitzgerald advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on Endurance International Group Hldgs Inc. Endurance International Group Hldgs Inc was Downgraded by Wells Fargo to ” Market Perform” on Aug 3, 2016.

On the company’s financial health, Endurance International Group Hldgs Inc reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.55 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.34. The company had revenue of $292.60 million for the quarter, compared to analysts expectations of $295.32 million. The company’s revenue was up 60.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Endurance International Group Hldgs Inc closed down -0.34 points or -4.14% at $7.88 with 4,83,431 shares getting traded on Friday. Post opening the session at $8.25, the shares hit an intraday low of $7.87 and an intraday high of $8.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Oct 4, 2016, Chandler Reedy (director) purchased 209,300 shares at $8.66 per share price. According to the SEC, on Oct 4, 2016, Justin Sadrian (director) purchased 209,300 shares at $8.66 per share price. On Oct 4, 2016, James Neary (director) purchased 209,300 shares at $8.66 per share price, according to the Form-4 filing with the securities and exchange commission.

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. Leveraging the Company’s technology platform it serves approximately 4.1 million subscribers across the globe with an integrated suite of over 150 products and services that help SMBs get online get found and grow their businesses. The products and services available on its platform include domains Website builders Web hosting email security storage site backup search engine optimization (SEO) and search engine marketing (SEM) social media services Website analytics mobile device tools and productivity and e-commerce solutions. It conducts operations in the United States Brazil India and the United Kingdom. It also has third-party contract support services assisting customers in China and Singapore.

Endurance International Group Hldgs Inc

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