eGain (NASDAQ:EGAN) Given New $6.00 Price Target at B. Riley Financial

eGain (NASDAQ:EGAN) had its price target reduced by investment analysts at B. Riley Financial from $10.50 to $6.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. B. Riley Financial’s price objective would suggest a potential upside of 15.61% from the company’s previous close.

EGAN has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of eGain in a research note on Friday, August 7th. Roth Capital cut eGain from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $7.00 in a research note on Tuesday. Wall Street Zen lowered eGain from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, B Riley restated a “neutral” rating on shares of eGain in a research note on Tuesday. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, eGain has a consensus rating of “Hold” and an average target price of $6.50.

eGain Price Performance

Shares of EGAN stock traded down $0.65 during trading hours on Tuesday, reaching $5.19. The stock had a trading volume of 527,129 shares, compared to its average volume of 215,376. The firm has a market capitalization of $142.47 million, a PE ratio of 16.21 and a beta of 0.83. The firm has a 50-day simple moving average of $6.89 and a 200-day simple moving average of $7.52. eGain has a twelve month low of $5.18 and a twelve month high of $15.95.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, September 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. eGain had a net margin of 9.74% and a return on equity of 11.63%. The firm had revenue of $22.15 million during the quarter, compared to analyst estimates of $21.75 million. eGain has set its FY 2027 guidance at 0.040-0.070 EPS and its Q1 2027 guidance at 0.050-0.080 EPS. On average, equities analysts anticipate that eGain will post 0.3 earnings per share for the current year.

Institutional Trading of eGain

Institutional investors have recently modified their holdings of the company. UBS Group AG lifted its stake in eGain by 2,079.4% during the fourth quarter. UBS Group AG now owns 438,225 shares of the technology company’s stock valued at $4,509,000 after purchasing an additional 418,117 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in eGain by 562.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 258,305 shares of the technology company’s stock worth $2,658,000 after buying an additional 219,305 shares during the last quarter. Renaissance Technologies LLC grew its position in eGain by 32.9% in the first quarter. Renaissance Technologies LLC now owns 838,425 shares of the technology company’s stock worth $6,615,000 after buying an additional 207,606 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of eGain in the fourth quarter valued at $1,907,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of eGain during the 2nd quarter valued at $957,000. Institutional investors and hedge funds own 53.94% of the company’s stock.

eGain Company Profile

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.