Cvfg LLC bought a new position in eGain Corporation (NASDAQ:EGAN – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 86,476 shares of the technology company’s stock, valued at approximately $682,000.
A number of other institutional investors have also made changes to their positions in EGAN. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eGain during the 4th quarter valued at approximately $41,000. Kestra Advisory Services LLC bought a new position in eGain during the fourth quarter worth $63,000. BNP Paribas Financial Markets boosted its holdings in eGain by 29.3% in the third quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company’s stock worth $55,000 after purchasing an additional 1,432 shares during the period. Kemnay Advisory Services Inc. bought a new stake in eGain during the fourth quarter valued at $65,000. Finally, Invesco Ltd. bought a new stake in eGain during the fourth quarter valued at $120,000. 53.94% of the stock is currently owned by institutional investors.
eGain Stock Performance
EGAN stock opened at $6.36 on Thursday. The stock has a market capitalization of $174.58 million, a price-to-earnings ratio of 4.61 and a beta of 0.82. eGain Corporation has a 1 year low of $5.50 and a 1 year high of $15.95. The stock’s fifty day moving average is $7.07 and its two-hundred day moving average is $8.55.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on EGAN. Wall Street Zen downgraded shares of eGain from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of eGain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.25.
View Our Latest Stock Analysis on eGain
eGain 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.
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