eGain (NASDAQ:EGAN) Rating Lowered to "Buy" at StockNews.com

StockNews.com downgraded shares of eGain (NASDAQ:EGAN - Free Report) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

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

eGain Price Performance

Shares of NASDAQ EGAN traded up $0.03 during trading on Tuesday, hitting $4.53. The stock had a trading volume of 61,202 shares, compared to its average volume of 80,335. The firm has a fifty day moving average of $5.30 and a two-hundred day moving average of $5.45. The company has a market capitalization of $127.43 million, a PE ratio of 32.36 and a beta of 0.54. eGain has a 12 month low of $4.36 and a 12 month high of $7.62.

eGain (NASDAQ:EGAN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, equities analysts expect that eGain will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On eGain

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company's stock valued at $2,111,000 after acquiring an additional 3,428 shares during the period. Jane Street Group LLC raised its holdings in eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company's stock valued at $182,000 after acquiring an additional 5,144 shares during the period. Barclays PLC lifted its position in shares of eGain by 48.5% during the third quarter. Barclays PLC now owns 60,513 shares of the technology company's stock worth $308,000 after acquiring an additional 19,772 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of eGain by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company's stock worth $79,000 after acquiring an additional 1,613 shares during the period. Finally, Kanen Wealth Management LLC grew its position in shares of eGain by 6.9% in the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company's stock valued at $16,571,000 after purchasing an additional 171,451 shares in the last quarter. Institutional investors own 53.94% of the company's stock.

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.