eGain (NASDAQ:EGAN) Lowered to “Buy” Rating by StockNews.com

eGain (NASDAQ:EGAN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price objective (down previously from $12.00) on shares of eGain in a research note on Friday, February 14th.

eGain Stock Performance

NASDAQ EGAN opened at $4.85 on Tuesday. eGain has a 52-week low of $4.68 and a 52-week high of $7.62. The company has a fifty day moving average of $5.38 and a 200-day moving average of $5.46. The company has a market capitalization of $136.44 million, a P/E ratio of 34.64 and a beta of 0.54.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, analysts forecast that eGain will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On eGain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of eGain by 36.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after acquiring an additional 2,197 shares during the period. Occudo Quantitative Strategies LP purchased a new position in eGain during the 4th quarter valued at about $71,000. JPMorgan Chase & Co. raised its position in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,613 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in eGain by 20.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after buying an additional 2,442 shares during the period. Finally, Stoneridge Investment Partners LLC grew its position in shares of eGain by 23.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after buying an additional 2,771 shares during the last quarter. 53.94% of the stock is currently owned by institutional investors.

About eGain

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.