eGain Corp (NASDAQ:EGAN) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.00.
EGAN has been the topic of a number of research reports. BidaskClub downgraded eGain from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. Roth Capital restated a “buy” rating on shares of eGain in a research note on Friday, February 8th. Zacks Investment Research upgraded eGain from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday. Finally, ValuEngine downgraded eGain from a “buy” rating to a “hold” rating in a research note on Thursday.
In other eGain news, Director Brett A. Shockley sold 61,524 shares of eGain stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $11.58, for a total value of $712,447.92. Following the transaction, the director now directly owns 986,213 shares in the company, valued at approximately $11,420,346.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Smit sold 5,000 shares of eGain stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $10.49, for a total value of $52,450.00. Following the completion of the transaction, the chief financial officer now owns 138,187 shares in the company, valued at $1,449,581.63. The disclosure for this sale can be found here. Insiders have sold a total of 142,208 shares of company stock worth $1,630,075 in the last 90 days. 38.60% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the business. Deutsche Bank AG grew its stake in shares of eGain by 7.7% in the 4th quarter. Deutsche Bank AG now owns 38,288 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,724 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of eGain by 26.2% in the 3rd quarter. Teachers Advisors LLC now owns 28,399 shares of the technology company’s stock valued at $230,000 after purchasing an additional 5,894 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of eGain by 12.1% in the 4th quarter. Two Sigma Advisers LP now owns 58,200 shares of the technology company’s stock valued at $382,000 after purchasing an additional 6,300 shares during the last quarter. Bank of America Corp DE grew its stake in shares of eGain by 44.3% in the 4th quarter. Bank of America Corp DE now owns 21,589 shares of the technology company’s stock valued at $142,000 after purchasing an additional 6,628 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of eGain by 48.1% in the 4th quarter. Rhumbline Advisers now owns 23,667 shares of the technology company’s stock valued at $155,000 after purchasing an additional 7,688 shares during the last quarter. Institutional investors own 77.48% of the company’s stock.
NASDAQ:EGAN traded down $0.24 during mid-day trading on Friday, reaching $9.63. 200,376 shares of the stock were exchanged, compared to its average volume of 347,774. The company has a market capitalization of $268.70 million, a PE ratio of 92.82, a P/E/G ratio of 2.62 and a beta of 0.51. eGain has a 1 year low of $5.40 and a 1 year high of $19.05.
eGain (NASDAQ:EGAN) last released its quarterly earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $17.70 million for the quarter, compared to the consensus estimate of $16.28 million. eGain had a negative return on equity of 57.09% and a net margin of 3.04%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities research analysts predict that eGain will post 0.13 EPS for the current fiscal year.
eGain Company Profile
eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.
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