eGain Co. (NASDAQ:EGAN) Short Interest Down 8.3% in January

eGain Co. (NASDAQ:EGAN - Get Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 365,900 shares, a decline of 8.3% from the January 15th total of 399,200 shares. Based on an average daily trading volume, of 97,800 shares, the short-interest ratio is currently 3.7 days. Currently, 2.0% of the company's stock are sold short.

Analysts Set New Price Targets

Several brokerages recently issued reports on EGAN. Roth Mkm reaffirmed a "buy" rating and set a $10.00 target price (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th. StockNews.com raised eGain from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th.

eGain Stock Down 1.9 %

Shares of NASDAQ:EGAN traded down $0.10 during midday trading on Friday, reaching $5.09. 72,282 shares of the company traded hands, compared to its average volume of 97,985. eGain has a 12 month low of $4.71 and a 12 month high of $7.62. The firm has a market capitalization of $143.18 million, a price-to-earnings ratio of 36.36 and a beta of 0.41. The firm's fifty day moving average price is $6.14 and its two-hundred day moving average price is $5.83.

eGain (NASDAQ:EGAN - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. Analysts forecast that eGain will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On eGain

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp boosted its holdings in shares of eGain by 263.0% in the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company's stock worth $565,000 after purchasing an additional 65,708 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of eGain in the 4th quarter worth about $71,000. Bank of America Corp DE lifted its stake in shares of eGain by 8.9% in the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company's stock valued at $192,000 after acquiring an additional 2,525 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of eGain by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company's stock valued at $4,300,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock valued at $51,000 after acquiring an additional 2,197 shares during the last quarter. 53.94% of the stock is currently 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.