Separately, Zacks Investment Research raised eGain from a hold rating to a strong-buy rating and set a $9.25 price target for the company in a report on Friday, November 16th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $13.31.
NASDAQ:EGAN opened at $11.69 on Friday. eGain has a 1-year low of $5.40 and a 1-year high of $19.05. The firm has a market capitalization of $306.30 million, a P/E ratio of 99.91, a PEG ratio of 36.63 and a beta of 0.23.
eGain (NASDAQ:EGAN) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. eGain had a negative return on equity of 45.44% and a net margin of 3.04%. The business had revenue of $17.70 million during the quarter, compared to the consensus estimate of $16.28 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, research analysts anticipate that eGain will post 0.01 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in eGain by 1.9% during the 4th quarter. Bank of Montreal Can now owns 8,567,298 shares of the technology company’s stock valued at $56,288,000 after purchasing an additional 161,585 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in eGain by 6.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the technology company’s stock valued at $15,865,000 after purchasing an additional 112,500 shares during the last quarter. Vanguard Group Inc. lifted its holdings in eGain by 82.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,350,983 shares of the technology company’s stock valued at $10,943,000 after purchasing an additional 611,577 shares during the last quarter. Vanguard Group Inc lifted its holdings in eGain by 82.7% during the 3rd quarter. Vanguard Group Inc now owns 1,350,983 shares of the technology company’s stock valued at $10,943,000 after purchasing an additional 611,577 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in eGain by 515.2% during the 2nd quarter. BlackRock Inc. now owns 1,212,163 shares of the technology company’s stock valued at $18,304,000 after purchasing an additional 1,015,133 shares during the last quarter. 75.69% of the stock is owned by institutional investors and hedge funds.
eGain Company Profile
eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.
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