eGain Co. (NASDAQ:EGAN) Short Interest Down 6.6% in October

eGain Co. (NASDAQ:EGAN) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 319,600 shares, a drop of 6.6% from the October 15th total of 342,300 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 54,100 shares, the days-to-cover ratio is presently 5.9 days.

eGain Trading Down 5.0 %

Shares of EGAN stock opened at $4.98 on Tuesday. eGain has a 12-month low of $4.71 and a 12-month high of $8.52. The company has a market capitalization of $142.03 million, a PE ratio of 26.21 and a beta of 0.44. The firm has a 50 day moving average price of $5.09 and a two-hundred day moving average price of $6.03. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on EGAN shares. StockNews.com cut eGain from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Roth Mkm reissued a “buy” rating and set a $12.00 target price on shares of eGain in a report on Friday, September 6th. Finally, Craig Hallum raised their price target on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th.

Institutional Investors Weigh In On eGain

A number of large investors have recently added to or reduced their stakes in the stock. Williams & Novak LLC acquired a new stake in eGain during the third quarter worth about $66,000. Gladius Capital Management LP bought a new stake in eGain during the third quarter worth $84,000. Jane Street Group LLC boosted its holdings in shares of eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after purchasing an additional 5,144 shares in the last quarter. Seizert Capital Partners LLC increased its stake in shares of 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 purchasing an additional 18,989 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of eGain by 7.0% during the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after buying an additional 2,852 shares in the last quarter. Institutional investors and hedge funds own 53.94% of the company’s stock.

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.