SunTrust Robinson analyst Naved Khan assigned a Hold rating to Endurance International (NASDAQ: EIGI) today and set a price target of $8. The company’s shares opened today at $10.30, close to its 52-week high of $10.95.
Khan wrote:
“We view 2018 as a transition year and believe that it is likely to take several quarters before we start to see an impact from these initiatives. We opt to remain on the sidelines given a lack of NT catalysts. Maintain Hold/$8 PT. Results vs. consensus. Revenue came in at $287.8M vs. consensus of $288.6M while EBITDA came in at $85.0M vs. consensus of $77.2M as management continued to make progress on simplifying the business and streamlining operations.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 25.0% and a 79.1% success rate. Khan covers the Technology sector, focusing on stocks such as Webcom Group, Wix.com Ltd, and trivago NV.
Currently, the analyst consensus on Endurance International is a Moderate Buy with an average price target of $9.
See today’s analyst top recommended stocks >>
Based on Endurance International’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.09 million. In comparison, last year the company had a GAAP net loss of $39.13 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Endurance International Group Holdings, Inc. engages in the provision of cloud-based platform solutions to help small and medium sized businesses online. It operates through the following segments: Web Presence, Domain, and Email Marketing.
