StockNews.com Downgrades eGain (NASDAQ:EGAN) to Buy

StockNews.com cut shares of eGain (NASDAQ:EGAN) from a strong-buy rating to a buy rating in a research report sent to investors on Monday.

Several other analysts also recently commented on the company. Roth Mkm reaffirmed a buy rating and set a $12.00 price objective on shares of eGain in a research note on Friday, September 6th. Craig Hallum raised their price target on eGain from $6.00 to $7.00 and gave the stock a hold rating in a research report on Friday, September 6th.

eGain Stock Up 1.5 %

eGain stock opened at $4.89 on Monday. The stock has a market cap of $145.85 million, a price-to-earnings ratio of 17.46 and a beta of 0.44. eGain has a 12-month low of $4.71 and a 12-month high of $8.52. The business’s 50-day simple moving average is $6.03 and its 200 day simple moving average is $6.24.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. eGain had a net margin of 8.38% and a return on equity of 12.28%. The business had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. As a group, sell-side analysts expect that eGain will post 0.01 EPS for the current year.

Institutional Trading of eGain

Hedge funds and other institutional investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. raised its position in eGain by 90.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 160,972 shares of the technology company’s stock valued at $1,038,000 after buying an additional 76,269 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after purchasing an additional 2,852 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of eGain by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock worth $13,339,000 after purchasing an additional 10,179 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in eGain by 15.3% during the first quarter. GSA Capital Partners LLP now owns 83,764 shares of the technology company’s stock worth $540,000 after purchasing an additional 11,084 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in eGain by 31.3% in the second quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock valued at $394,000 after purchasing an additional 14,893 shares in the last quarter. Institutional investors and hedge funds own 53.94% of the company’s stock.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.