Integrated Quantitative Investments LLC Purchases Shares of 37,869 eGain Co. (NASDAQ:EGAN)

Integrated Quantitative Investments LLC acquired a new position in eGain Co. (NASDAQ:EGAN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,869 shares of the technology company’s stock, valued at approximately $236,000. Integrated Quantitative Investments LLC owned about 0.13% of eGain as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EGAN. Kanen Wealth Management LLC lifted its stake in eGain by 6.9% in the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock worth $16,571,000 after purchasing an additional 171,451 shares during the last quarter. State Street Corp increased its holdings in shares of eGain by 0.8% in the third quarter. State Street Corp now owns 413,850 shares of the technology company’s stock worth $2,111,000 after buying an additional 3,428 shares during the period. Barclays PLC lifted its stake in shares of eGain by 48.5% in the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock valued at $308,000 after acquiring an additional 19,772 shares during the last quarter. Jane Street Group LLC grew its position in eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after acquiring an additional 5,144 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its position in eGain by 55.9% during the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company’s stock worth $370,000 after acquiring an additional 21,272 shares during the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

Analysts Set New Price Targets

EGAN has been the subject of a number of analyst reports. StockNews.com lowered eGain from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 1st. Roth Mkm reissued a “buy” rating and set a $10.00 price target (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Performance

Shares of EGAN stock opened at $4.53 on Friday. eGain Co. has a fifty-two week low of $4.36 and a fifty-two week high of $7.62. The firm has a market cap of $127.43 million, a P/E ratio of 32.36 and a beta of 0.54. The business’s 50 day moving average price is $5.30 and its 200-day moving average price is $5.45.

eGain (NASDAQ:EGAN) last released its earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, equities analysts predict that eGain Co. will post 0.05 EPS for the current year.

eGain 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.