eGain (NASDAQ:EGAN) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of eGain (NASDAQ:EGAN) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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

eGain Price Performance

Shares of EGAN opened at $6.59 on Friday. The company has a market capitalization of $180.24 million, a PE ratio of 47.07 and a beta of 0.37. eGain has a one year low of $4.34 and a one year high of $7.62. The company’s fifty day moving average price is $5.25 and its 200 day moving average price is $5.49.

eGain (NASDAQ:EGAN) last announced its earnings results on Wednesday, May 14th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.24 million. eGain had a net margin of 4.86% and a return on equity of 7.41%. Analysts anticipate that eGain will post 0.05 earnings per share for the current year.

Institutional Trading of eGain

Several hedge funds and other institutional investors have recently bought and sold shares of EGAN. Mackenzie Financial Corp grew its position in eGain by 263.0% in the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock worth $565,000 after purchasing an additional 65,708 shares during the last quarter. Nuveen LLC acquired a new stake in eGain in the 1st quarter worth $296,000. JPMorgan Chase & Co. grew its position in eGain by 382.4% in the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock worth $465,000 after purchasing an additional 59,207 shares during the last quarter. Strs Ohio acquired a new stake in eGain in the 1st quarter worth $250,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in eGain in the 4th quarter worth $236,000. 53.94% of the stock is currently owned by institutional investors and hedge funds.

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.