Endurance International (EIGI) Receives a Rating Update from a Top Analyst

By Carrie Williams

In a report released today, Jason Helfstein from Oppenheimer maintained a Hold rating on Endurance International (EIGIResearch Report). The company’s shares opened today at $7.55.

Helfstein wrote:

“We are maintaining our Perform rating, after the company reported generally in- line 4Q results and FY19E guidance. Mgmt. expects flattish revenue in 1H:19, with moderate revenue growth in 2H:19. EIGI will continue to focus on strategic assets, with thoughtful investments around future growth. 4Q adjusted EBITDA declined 16% y/y on lower revenue and higher S&M and engineering expenses. We expect a modest acceleration of engineering and development costs in 1H:19, with revenue slightly up for FY19. We estimate 2019E EBITDA -6% y/y, with FCF/share -9% y/y, which would limit the FCF/share valuation to low teens.”

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.0% and a 63.1% success rate. Helfstein covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Spotify Technology SA, and IAC/InterActiveCorp.

Endurance International has an analyst consensus of Hold.

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Based on Endurance International’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $12.77 million. In comparison, last year the company had a net profit of $7.47 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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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.