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eGain (NASDAQ:EGAN) Stock Rating Upgraded by StockNews.com

eGain logo with Computer and Technology background

StockNews.com upgraded shares of eGain (NASDAQ:EGAN - Free Report) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

A number of other equities analysts also recently commented on the company. Roth Mkm restated a "buy" rating and issued a $12.00 price objective on shares of eGain in a report on Friday, September 6th. Craig Hallum upped their target price on shares of eGain from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Friday, September 6th.

View Our Latest Research Report on eGain

eGain Trading Up 0.4 %

Shares of NASDAQ:EGAN traded up $0.02 during midday trading on Wednesday, reaching $5.05. The company's stock had a trading volume of 39,509 shares, compared to its average volume of 81,301. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. The firm has a market cap of $144.03 million, a price-to-earnings ratio of 26.48 and a beta of 0.44. eGain has a 1 year low of $4.71 and a 1 year high of $8.52. The business has a 50 day moving average price of $5.09 and a 200 day moving average price of $6.02.

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 for the quarter, beating analysts' consensus estimates of ($0.02) by $0.07. eGain had a return on equity of 9.53% and a net margin of 6.45%. The business had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. Research analysts forecast that eGain will post 0.01 EPS for the current year.

Hedge Funds Weigh In On eGain

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in eGain by 8.6% in the 2nd quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company's stock valued at $6,207,000 after buying an additional 78,051 shares in the last quarter. Renaissance Technologies LLC lifted its stake in eGain by 3.3% during the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company's stock worth $4,059,000 after purchasing an additional 20,600 shares during the last quarter. Barclays PLC boosted its stake in eGain by 48.5% in the third quarter. Barclays PLC now owns 60,513 shares of the technology company's stock valued at $308,000 after buying an additional 19,772 shares in the last quarter. Seizert Capital Partners LLC lifted its stake in eGain by 99.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company's stock valued at $194,000 after purchasing an additional 18,989 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in eGain during the 3rd quarter worth $84,000. 53.94% of the stock is owned by institutional investors.

About eGain

(Get Free Report)

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.

See Also

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