Oppenheimer Gives a Buy Rating to Endurance InternationalBy Jason Carr
“Endurance reported better 4Q:16 results, while 2017 guidance was in line. The company has moved past the “gateway product” error, and is successfully refocusing on core domain competencies. With low-quality subs churning off the platform, management expects APRU will be a more material driver in 2017. Focus on proven brands: BlueHost for WordPress users, HostGator for digital influencers & iPage for low-cost solution. Increasing international focus, as 10% of CTCT traffic from APAC & India, and next step is localizing brand to increase conversion. Competition is strong with GDDY (Hosting/Presence) & Wix (Website Builder) innovating on product. However, we see shares as cheap, trading at 8x ’17E FCF/share.”
According to TipRanks.com, Helfstein is a 5-star analyst with an average return of 8.5% and a 57.9% success rate. Helfstein covers the Technology sector, focusing on stocks such as Interxion Holding NV, IAC/InterActiveCorp, and Angie’s List Inc.
Currently, the analyst consensus on Endurance International is Moderate Buy and the average price target is $10.50, representing a 14.1% upside.
In a report released today, Jefferies also reiterated a Buy rating on the stock with a $10.50 price target.
The company has a one year high of $11.86 and a one year low of $6.55. Currently, Endurance International has an average volume of 533.2K.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2016, Katherine Andreasen, the CPO of EIGI sold 15,269 shares for a total of $134,825.
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Endurance International Group Holdings, Inc. engages in the provision of cloud-based solutions and services. It include domains, website builders, web hosting, email, security, backup, search engine optimization and search engine marketing, social media services, website analytics, and e-commerce solutions. The company was founded by Hari K. Ravichandran on October 28, 2011 and is headquartered in Burlington, MA.