eGain (NASDAQ:EGAN) Receives "Buy" Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of eGain (NASDAQ:EGAN - Free Report) in a research report report published on Friday morning,Benzinga reports. They currently have a $10.00 price target on the technology company's stock, down from their prior price target of $12.00.

Separately, StockNews.com raised eGain from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th.

eGain Trading Up 2.7 %

Shares of NASDAQ:EGAN traded up $0.14 during mid-day trading on Friday, reaching $5.27. The stock had a trading volume of 103,781 shares, compared to its average volume of 101,328. The firm has a 50 day simple moving average of $6.16 and a two-hundred day simple moving average of $5.83. eGain has a twelve month low of $4.71 and a twelve month high of $7.62. The firm has a market cap of $150.30 million, a PE ratio of 27.74 and a beta of 0.41. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04.

eGain (NASDAQ:EGAN - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 6.45% and a return on equity of 9.53%. On average, research analysts predict that eGain will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On eGain

Several institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its stake in shares of eGain by 17.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 73,401 shares of the technology company's stock valued at $374,000 after purchasing an additional 10,933 shares during the period. Seizert Capital Partners LLC raised its position 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 buying an additional 18,989 shares during the last quarter. Gladius Capital Management LP bought a new stake in eGain in the 3rd quarter valued at approximately $84,000. State Street Corp boosted its position in eGain by 0.8% during the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company's stock worth $2,111,000 after acquiring an additional 3,428 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in eGain by 16.8% during the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company's stock worth $182,000 after acquiring an additional 5,144 shares during the last quarter. 53.94% of the stock is owned by institutional investors.

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.