SunTrust Robinson Reaffirms Their Hold Rating on Endurance International

By Carrie Williams

SunTrust Robinson analyst Youssef Squali reiterated a Hold rating on Endurance International (NASDAQ: EIGI) on October 9 and set a price target of $8. The company’s shares opened today at $7.90.

According to TipRanks.com, Squali is a top 100 analyst with an average return of 19.2% and a 73.3% success rate. Squali covers the Technology sector, focusing on stocks such as Rubicon Project, Paypal Holdings, and Leaf Group Ltd.

Endurance International has an analyst consensus of Hold, with a price target consensus of $8.50.

Based on Endurance International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $292 million and GAAP net loss of $39.13 million. In comparison, last year the company earned revenue of $291 million and had a GAAP net loss of $31.74 million.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock.

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Endurance International Group Holdings, Inc. provides cloud-based platform solutions to help small and medium sized businesses succeed online. It offers security, site backup, premium domains, search engine optimization, search engine marketing, Google Adwords, mobile solutions, social media enablement, website analytics, email marketing and productivity and e-commerce tools. The company operates through the following segments: Web Presence and Email Marketing. Web Presence segment consists of web hosting, domains and the related products and services. Email Marketing segment consists of the products and services historically offered by Constant Contact. It also includes event marketing, survey tools and SinglePlatform. Its brands includes: Constant Contact, Bluehost, HostGator, iPage, Domain.com, BigRock, SiteBuilder and SinglePlatform. The company was founded by Hari K. Ravichandran on October 28, 2011 and is headquartered in Burlington, MA.