eGain Corp (NASDAQ:EGAN)’s share price hit a new 52-week high on Tuesday . The company traded as high as $5.48 and last traded at $5.25, with a volume of 144300 shares traded. The stock had previously closed at $5.10.
EGAN has been the subject of a number of recent analyst reports. Zacks Investment Research raised eGain from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research report on Tuesday, September 26th. Craig Hallum raised eGain from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Monday, October 2nd. ValuEngine lowered eGain from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Dougherty & Co reissued a “buy” rating on shares of eGain in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.50.
The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -0.91. The company has a market capitalization of $156.59, a PE ratio of -38.33 and a beta of 0.66.
eGain (NASDAQ:EGAN) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $14.58 million during the quarter, compared to analysts’ expectations of $14.38 million. During the same period last year, the firm posted ($0.09) EPS. eGain’s quarterly revenue was down 1.2% compared to the same quarter last year. sell-side analysts predict that eGain Corp will post -0.17 EPS for the current year.
In other eGain news, CFO Eric Smit sold 7,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $5.00, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now owns 276,303 shares of the company’s stock, valued at approximately $1,381,515. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.00% of the stock is currently owned by insiders.
An institutional investor recently raised its position in eGain stock. Oaktop Capital Management II L.P. grew its holdings in shares of eGain Corp (NASDAQ:EGAN) by 24.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,536,843 shares of the technology company’s stock after purchasing an additional 500,000 shares during the quarter. eGain makes up approximately 1.1% of Oaktop Capital Management II L.P.’s holdings, making the stock its 12th biggest position. Oaktop Capital Management II L.P. owned about 9.32% of eGain worth $6,849,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.31% of the company’s stock.
eGain Company Profile
eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
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