Navellier & Associates Inc. Has $1.61 Million Stake in eGain Corporation $EGAN

Navellier & Associates Inc. increased its position in shares of eGain Corporation (NASDAQ:EGAN) by 393.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,755 shares of the technology company’s stock after buying an additional 124,967 shares during the period. Navellier & Associates Inc. owned 0.58% of eGain worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EGAN. Hillsdale Investment Management Inc. bought a new position in eGain during the third quarter worth $340,000. BNP Paribas Financial Markets boosted its position in eGain by 29.3% during the third quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company’s stock worth $55,000 after purchasing an additional 1,432 shares during the period. Jane Street Group LLC boosted its position in eGain by 53.7% during the first quarter. Jane Street Group LLC now owns 47,726 shares of the technology company’s stock worth $231,000 after purchasing an additional 16,678 shares during the period. Geode Capital Management LLC boosted its position in eGain by 3.4% during the second quarter. Geode Capital Management LLC now owns 449,899 shares of the technology company’s stock worth $2,812,000 after purchasing an additional 14,978 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of eGain in the third quarter valued at about $130,000. 53.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EGAN has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of eGain in a research report on Wednesday, February 4th. B. Riley Financial started coverage on eGain in a research note on Friday, January 23rd. They issued a “neutral” rating and a $10.50 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of eGain in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.25.

eGain Trading Up 0.1%

Shares of NASDAQ EGAN opened at $7.89 on Wednesday. The company has a market cap of $216.11 million, a price-to-earnings ratio of 6.12 and a beta of 0.83. eGain Corporation has a 12 month low of $4.81 and a 12 month high of $15.95. The stock has a 50-day moving average price of $8.34 and a two-hundred day moving average price of $10.22.

eGain (NASDAQ:EGAN) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $22.98 million during the quarter, compared to the consensus estimate of $22.42 million. eGain had a return on equity of 11.13% and a net margin of 39.77%. On average, sell-side analysts predict that eGain Corporation will post 0.25 earnings per share for the current year.

About eGain

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.