StockNews.com Downgrades eGain (NASDAQ:EGAN) to Buy

eGain (NASDAQ:EGAN - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Separately, Roth Mkm reaffirmed a "buy" rating and set a $10.00 target price (down previously from $12.00) on shares of eGain in a report on Friday, February 14th.

eGain Stock Down 1.4 %

Shares of eGain stock traded down $0.07 on Friday, hitting $4.90. 44,547 shares of the company's stock traded hands, compared to its average volume of 79,507. eGain has a 52-week low of $4.68 and a 52-week high of $7.62. The stock has a market cap of $137.84 million, a P/E ratio of 35.00 and a beta of 0.54. The firm's 50-day moving average is $5.60 and its 200 day moving average is $5.47.

eGain (NASDAQ:EGAN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. Equities research analysts forecast that eGain will post 0.05 EPS for the current year.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in eGain by 36.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock worth $51,000 after acquiring an additional 2,197 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of eGain in the 4th quarter worth approximately $71,000. JPMorgan Chase & Co. boosted its position in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company's stock valued at $79,000 after purchasing an additional 1,613 shares during the period. Linden Thomas Advisory Services LLC grew its stake in eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company's stock worth $89,000 after buying an additional 2,442 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its stake in eGain by 23.8% in the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company's stock valued at $90,000 after buying an additional 2,771 shares during the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

About eGain

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.