eGain (NASDAQ:EGAN) Rating Increased to Strong-Buy at StockNews.com

eGain (NASDAQ:EGAN - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

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

eGain Trading Up 5.3 %

Shares of NASDAQ EGAN traded up $0.26 during trading on Friday, reaching $5.18. The company had a trading volume of 32,304 shares, compared to its average volume of 82,199. eGain has a twelve month low of $4.71 and a twelve month high of $8.52. The stock has a 50-day moving average price of $5.38 and a two-hundred day moving average price of $6.09. The stock has a market capitalization of $147.73 million, a PE ratio of 20.72 and a beta of 0.44.

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 the consensus estimate of ($0.02) by $0.07. The company had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. eGain had a return on equity of 12.28% and a net margin of 8.38%. On average, sell-side analysts predict that eGain will post 0.01 EPS for the current year.

Institutional Investors Weigh In On eGain

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in eGain by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company's stock valued at $4,301,000 after buying an additional 1,752 shares in the last quarter. BNP Paribas Financial Markets increased its position in eGain by 7.0% in the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company's stock valued at $280,000 after acquiring an additional 2,852 shares during the period. Sei Investments Co. raised its stake in shares of eGain by 2.1% during the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company's stock valued at $1,029,000 after purchasing an additional 3,384 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of eGain by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company's stock worth $13,339,000 after acquiring an additional 10,179 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in eGain by 17.5% during 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 in the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

About eGain

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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