eGain Co. (NASDAQ:EGAN) Short Interest Update

eGain Co. (NASDAQ:EGAN - Get Free Report) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 319,600 shares, a drop of 6.6% from the October 15th total of 342,300 shares. Currently, 1.7% of the company's stock are short sold. Based on an average trading volume of 54,100 shares, the days-to-cover ratio is presently 5.9 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EGAN shares. Roth Mkm restated a "buy" rating and issued a $12.00 target price on shares of eGain in a report on Friday, September 6th. StockNews.com downgraded shares of eGain from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Craig Hallum increased their target price on shares of eGain from $6.00 to $7.00 and gave the company a "hold" rating in a report on Friday, September 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC raised its stake in 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 period. Jane Street Group LLC increased its stake in shares of eGain by 16.8% in the third quarter. Jane Street Group LLC now owns 35,753 shares of the technology company's stock worth $182,000 after purchasing an additional 5,144 shares in the last quarter. State Street Corp raised its position 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 valued at $2,111,000 after purchasing an additional 3,428 shares during the period. Gladius Capital Management LP purchased a new stake in shares of eGain during the 3rd quarter valued at approximately $84,000. Finally, Seizert Capital Partners LLC boosted its holdings in eGain by 99.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company's stock worth $194,000 after buying an additional 18,989 shares during the period. Hedge funds and other institutional investors own 53.94% of the company's stock.

eGain Stock Performance

eGain stock traded down $0.26 during mid-day trading on Monday, reaching $4.98. 194,680 shares of the company's stock were exchanged, compared to its average volume of 81,720. The company has a quick ratio of 1.71, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $142.05 million, a PE ratio of 27.58 and a beta of 0.44. eGain has a one year low of $4.71 and a one year high of $8.52. The business's fifty day simple moving average is $5.09 and its 200 day simple moving average is $6.04.

eGain (NASDAQ:EGAN - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. eGain had a net margin of 6.45% and a return on equity of 9.53%. The company had revenue of $22.46 million during the quarter, compared to analyst estimates of $21.37 million. On average, sell-side analysts expect that eGain will post 0.01 earnings per share for the current year.

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.