eGain (NASDAQ:EGAN) Upgraded at StockNews.com

StockNews.com upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a report published on Wednesday.

EGAN has been the topic of a number of other research reports. Roth Mkm restated a “buy” rating and set a $12.00 target price on shares of eGain in a report on Friday, September 6th. Craig Hallum upped their price objective on shares of eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Friday, September 6th.

eGain Stock Up 0.4 %

Shares of NASDAQ EGAN opened at $5.05 on Wednesday. The firm has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $6.01. eGain has a 12 month low of $4.71 and a 12 month high of $8.52. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $144.03 million, a PE ratio of 26.58 and a beta of 0.44.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.07. eGain had a return on equity of 9.53% and a net margin of 6.45%. The business had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $21.37 million. Equities analysts expect that eGain will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On eGain

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in eGain by 0.5% in the 1st 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. Acadian Asset Management LLC lifted its stake in shares of eGain by 8.6% in the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock worth $6,207,000 after buying an additional 78,051 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of eGain by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after buying an additional 1,752 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of eGain by 3.3% during the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after buying an additional 20,600 shares during the last quarter. Finally, State Street Corp increased its position in shares of eGain by 0.8% during the third quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after acquiring an additional 3,428 shares in the last quarter. 53.94% of the stock is owned by hedge funds and other institutional investors.

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.