Endurance International Group Holdings (EIGI) Shares are Up 14.6%

Endurance International Group Holdings (EIGI) has been under a strong bear grip, hence the stock is down -10.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 14.54% in the past 1 week. The stock has risen by 14.6% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.98% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 4.43% and the 50-Day Moving Average is 9.38%. Endurance International Group Holdings (NASDAQ:EIGI): stock turned positive on Friday. Though the stock opened at $7.82, the bulls momentum made the stock top out at $7.96 level for the day. The stock recorded a low of $7.75 and closed the trading day at $7.85, in the green by 1.68%. The total traded volume for the day was 1,243,457. The stock had closed at $7.72 in the previous days trading.


The company Insiders own 56.5% of Endurance International Group Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.89% . Institutional Investors own 96.06% of Endurance International Group Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 2.87%. Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Endurance International Group Holdings (NASDAQ:EIGI). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $9.5 per share from a prior target of $17. The rating by the firm was issued on August 4, 2016.

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 Companys 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.

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