eGain (NASDAQ:EGAN) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a research note published on Friday morning.

A number of other equities research analysts also recently issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $12.00 target price on shares of eGain in a report on Friday, September 6th. Craig Hallum boosted their target price on shares of eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th.

eGain Stock Up 5.3 %

Shares of NASDAQ:EGAN traded up $0.26 during trading on Friday, reaching $5.18. The stock had a trading volume of 33,304 shares, compared to its average volume of 82,199. The business has a fifty day moving average price of $5.38 and a 200-day moving average price of $6.09. The stock has a market cap of $147.73 million, a P/E ratio of 20.72 and a beta of 0.44. eGain has a fifty-two week low of $4.71 and a fifty-two week high of $8.52.

eGain (NASDAQ:EGAN) last released its earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. As a group, equities analysts forecast that eGain will post 0.01 EPS for the current year.

Institutional Investors Weigh In On eGain

Several institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its stake in shares of eGain by 17.5% in the third quarter. Assenagon Asset Management S.A. now owns 73,401 shares of the technology company’s stock valued at $374,000 after purchasing an additional 10,933 shares during the period. Williams & Novak LLC purchased a new position in shares of eGain in the third quarter valued at $66,000. Sei Investments Co. boosted its stake in shares of eGain by 2.1% in the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 3,384 shares during the period. Renaissance Technologies LLC boosted its stake in shares of eGain by 3.3% in the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after purchasing an additional 20,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of eGain by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after purchasing an additional 1,752 shares during the period. 53.94% of the stock is currently 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.