According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “
EGAN has been the subject of a number of other reports. Craig Hallum set a $8.00 price objective on shares of eGain and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Roth Capital set a $15.00 price objective on shares of eGain and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Needham & Company LLC set a $15.00 price objective on shares of eGain and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, ValuEngine cut shares of eGain from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $11.75.
NASDAQ EGAN opened at $8.03 on Tuesday. The stock has a market capitalization of $241.53 million, a PE ratio of 49.44, a price-to-earnings-growth ratio of 13.18 and a beta of 0.71. The company has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $8.00. eGain has a 12-month low of $5.40 and a 12-month high of $12.74.
eGain (NASDAQ:EGAN) last posted its earnings results on Tuesday, September 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $16.82 million during the quarter, compared to analyst estimates of $16.46 million. eGain had a net margin of 6.20% and a return on equity of 45.23%. eGain’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. On average, analysts expect that eGain will post 0.02 EPS for the current fiscal year.
In other news, CFO Eric Smit sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.00, for a total value of $32,000.00. Following the completion of the sale, the chief financial officer now directly owns 137,187 shares in the company, valued at $1,097,496. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 9,000 shares of company stock valued at $70,780 over the last 90 days. 35.20% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC acquired a new position in eGain during the 2nd quarter valued at $82,000. Hennessy Advisors Inc. acquired a new position in eGain during the 3rd quarter valued at $82,000. Citadel Advisors LLC acquired a new position in eGain during the 2nd quarter valued at $144,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in eGain during the 2nd quarter valued at $146,000. Finally, SG Americas Securities LLC acquired a new position in eGain during the 2nd quarter valued at $171,000. Hedge funds and other institutional investors own 79.36% of the company’s stock.
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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