Endurance International Group Holdings (EIGI) Falls: Stock Goes Down 5.6% – Tale of the Tape

Zacks

Endurance International Group Holdings, Inc. (EIGI) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $18.05–$19.89 in the past one-month time frame, showed a sharp decline yesterday at $18.11.

On Mar 11, Endurance International Group Holdings declared that it has completed its previously announced sale of shares.

The internet software company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 2 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

EIGI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Another better-ranked stock in the same sector is Globant S.A. (GLOB) with a Zacks Rank #1 (Strong Buy).

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