Investors Buy High Volume of Call Options on Endurance International Group (NASDAQ:EIGI)

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Endurance International Group Holdings Inc (NASDAQ:EIGI) was the target of some unusual options trading activity on Monday. Investors purchased 487 call options on the company. This represents an increase of approximately 819% compared to the average daily volume of 53 call options.

Shares of NASDAQ EIGI opened at $4.88 on Thursday. The stock has a market capitalization of $712.29 million, a P/E ratio of 162.67 and a beta of 1.24. Endurance International Group has a 12 month low of $4.22 and a 12 month high of $10.95. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 10.32. The business’s 50-day moving average price is $4.76.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $280.70 million during the quarter, compared to the consensus estimate of $283.41 million. Endurance International Group had a net margin of 0.09% and a return on equity of 0.60%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) earnings per share. As a group, analysts expect that Endurance International Group will post -0.05 EPS for the current fiscal year.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. Finally, Goldman Sachs Group raised their target price on shares of Western Digital from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.63.

In other Endurance International Group news, CAO Timothy S. Mathews sold 4,603 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $6.42, for a total transaction of $29,551.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Montagner sold 73,008 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $6.42, for a total transaction of $468,711.36. The disclosure for this sale can be found here. In the last quarter, insiders bought 1,077,022 shares of company stock valued at $5,468,534 and sold 166,914 shares valued at $1,065,814. Company insiders own 50.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EIGI. Norges Bank purchased a new stake in shares of Endurance International Group during the fourth quarter worth about $8,058,000. First Trust Advisors LP boosted its position in shares of Endurance International Group by 15.7% in the first quarter. First Trust Advisors LP now owns 6,975,711 shares of the software maker’s stock worth $50,574,000 after acquiring an additional 945,487 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Endurance International Group by 18.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,039,710 shares of the software maker’s stock worth $13,564,000 after acquiring an additional 315,401 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Endurance International Group by 1,795.2% in the third quarter. JPMorgan Chase & Co. now owns 270,186 shares of the software maker’s stock worth $2,378,000 after acquiring an additional 255,930 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Endurance International Group by 51.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 646,937 shares of the software maker’s stock worth $4,303,000 after acquiring an additional 220,325 shares during the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.

Endurance International Group Company Profile

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses in the United States and internationally. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.

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