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

StockNews.com upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a report released on Wednesday.

A number of other equities analysts have also recently weighed in on the company. Roth Mkm reissued a “buy” rating and set a $12.00 price objective on shares of eGain in a report on Friday, September 6th. Craig Hallum boosted their price objective on shares of eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Friday, September 6th.

eGain Trading Up 0.4 %

Shares of eGain stock opened at $5.05 on Wednesday. The company has a 50 day simple moving average of $5.10 and a two-hundred day simple moving average of $6.01. The firm has a market cap of $144.03 million, a PE ratio of 26.58 and a beta of 0.44. eGain has a 1 year low of $4.71 and a 1 year high of $8.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.79.

eGain (NASDAQ:EGAN) last released its earnings results on Thursday, September 5th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. eGain had a return on equity of 9.53% and a net margin of 6.45%. The business had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $21.37 million. Analysts expect that eGain will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On eGain

Several institutional investors have recently bought and sold shares of EGAN. BNP Paribas Financial Markets lifted its position in eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock valued at $280,000 after purchasing an additional 2,852 shares during the last quarter. Vanguard Group Inc. boosted its position in eGain by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock valued at $13,339,000 after buying an additional 10,179 shares during the period. Assenagon Asset Management S.A. grew its holdings in eGain by 31.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock worth $394,000 after acquiring an additional 14,893 shares during the last quarter. Williams & Novak LLC purchased a new position in shares of eGain in the third quarter valued at about $66,000. Finally, Acadian Asset Management LLC raised its stake in shares of eGain by 8.6% during the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after acquiring an additional 78,051 shares during the last quarter. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

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.