eGain (NASDAQ:EGAN) Upgraded by StockNews.com to Strong-Buy Rating

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

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

eGain Price Performance

eGain stock traded down $0.15 during mid-day trading on Friday, reaching $4.77. 65,541 shares of the company traded hands, compared to its average volume of 80,346. eGain has a fifty-two week low of $4.68 and a fifty-two week high of $7.62. The company has a market capitalization of $134.18 million, a price-to-earnings ratio of 34.07 and a beta of 0.54. The firm's fifty day moving average is $5.80 and its two-hundred day moving average is $5.54.

eGain (NASDAQ:EGAN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share (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%. As a group, equities research analysts predict that eGain will post 0.05 earnings per share for the current year.

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Institutional Trading of eGain

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in eGain by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company's stock worth $79,000 after buying an additional 1,613 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in eGain by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company's stock worth $4,300,000 after buying an additional 1,820 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in eGain by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock worth $51,000 after buying an additional 2,197 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in eGain by 20.6% during the fourth 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 in the last quarter. Finally, Bank of America Corp DE boosted its holdings in eGain by 8.9% during the fourth quarter. Bank of America Corp DE now owns 30,886 shares of the technology company's stock worth $192,000 after buying an additional 2,525 shares in the last quarter. 53.94% of the stock is owned by hedge funds and other 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.