.jpg "Endurance International (NASDAQ: EIGI)")
Oppenheimer analyst Jason Helfstein maintained a Buy rating on Endurance International (NASDAQ: EIGI) today and set a price target of $9. The company’s shares closed yesterday at $7.55.
Helfstein said:
“We’re maintaining our Outperform rating and $9 price target after EIGI reported better 1Q18 results on margins, but maintained FY guidance. Revenue -1% y/y vs. +1% in 4Q17, with growth in email marketing offset by declines in web presence. Management’s focus on streamlining costs resulted in COGS down q/q, while opex was only up $1M q/q. We expect some of the COGS savings to be redeployed into R&D in the next few quarters. EIGI is providing a detailed segment breakdown, so investors can look at relative subscriber vs. pricing trends, with emailed expected to remain stable vs. near-term declines in web presence on shift away from low-LTV subs. While turnaround will take several more quarters, the stock is trading at 9x current year FCF/share. Our $9 target assumes 11x ’18E FCF/share.”
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.2% and a 63.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.
Endurance International has an analyst consensus of Moderate Buy, with a price target consensus of $8.17.
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The company has a one-year high of $9.50 and a one-year low of $6.95. Currently, Endurance International has an average volume of 431.5K.
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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.
