StockNews.com downgraded shares of eGain (NASDAQ:EGAN - Free Report) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.
Separately, Roth Mkm restated 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.
View Our Latest Research Report on eGain
eGain Trading Up 1.4 %
EGAN stock traded up $0.07 during midday trading on Tuesday, hitting $4.90. The company had a trading volume of 48,473 shares, compared to its average volume of 94,848. The stock has a market cap of $137.84 million, a price-to-earnings ratio of 35.00 and a beta of 0.41. The stock's 50 day moving average price is $6.07 and its 200 day moving average price is $5.76. eGain has a 52 week low of $4.71 and a 52 week high of $7.62.
eGain (NASDAQ:EGAN - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. Analysts predict that eGain will post 0.05 earnings per share for the current year.
Institutional Investors Weigh In On eGain
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake 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 purchasing an additional 2,197 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in eGain in the fourth quarter worth $71,000. JPMorgan Chase & Co. grew its stake 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 last quarter. Gladius Capital Management LP purchased a new stake in shares of eGain in the third quarter worth $84,000. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of eGain by 20.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company's stock worth $89,000 after acquiring an additional 2,442 shares during the last quarter. 53.94% of the stock is owned by hedge funds and other institutional investors.
About eGain
(
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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.
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