Wells Fargo Downgrades Endurance International Group Hldgs Inc to Market Perform

Brokerage firm Wells Fargo Downgrades its rating on Endurance International Group Hldgs Inc(NASDAQ:EIGI). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Wells Fargo was issued on Aug 3, 2016.

Endurance International Group Hldgs Inc (EIGI) made into the market gainers list on Fridays trading session with the shares advancing 1.68% or 0.13 points. Due to strong positive momentum, the stock ended at $7.85, which is also near the day’s high of $7.96. The stock began the session at $7.82 and the volume stood at 12,43,457 shares. The 52-week high of the shares is $16.9 and the 52 week low is $6.55. The company has a current market capitalization of $1,109 M and it has 14,12,10,730 shares in outstanding.

Endurance International Group Hldgs Inc(EIGI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $292.58M. Analysts had an estimated revenue of $299.63M. Earnings per share were $-0.11. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Timothy S Mathews (Chief Accounting Officer) sold 358 shares at $8.74 per share price.Also, On Apr 4, 2016, Ronald Lasalvia (President and COO) sold 4,195 shares at $11.22 per share price.On Apr 4, 2016, David C Bryson (Chief Legal Officer) sold 1,575 shares at $11.16 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.

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