eGain Corp (NASDAQ:EGAN) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.00.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of eGain from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine raised shares of eGain from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Roth Capital lifted their target price on shares of eGain from $11.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Needham & Company LLC assumed coverage on shares of eGain in a research report on Wednesday, July 18th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Benchmark lifted their target price on shares of eGain from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th.
In related news, CFO Eric Smit sold 8,450 shares of eGain stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $13.52, for a total value of $114,244.00. Following the sale, the chief financial officer now owns 145,187 shares of the company’s stock, valued at approximately $1,962,928.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gunjan Sinha sold 10,000 shares of eGain stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $12.26, for a total transaction of $122,600.00. Following the completion of the sale, the director now directly owns 996,003 shares in the company, valued at approximately $12,210,996.78. The disclosure for this sale can be found here. Insiders own 39.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. bought a new stake in shares of eGain in the 2nd quarter worth approximately $156,000. Ramsey Quantitative Systems grew its stake in eGain by 216.3% in the 2nd quarter. Ramsey Quantitative Systems now owns 12,012 shares of the technology company’s stock valued at $181,000 after buying an additional 8,214 shares in the last quarter. Barclays PLC purchased a new position in eGain in the 1st quarter valued at approximately $105,000. GWM Advisors LLC purchased a new position in eGain in the 2nd quarter valued at approximately $248,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in eGain in the 2nd quarter valued at approximately $254,000. 61.53% of the stock is currently owned by institutional investors.
Shares of eGain stock remained flat at $$14.30 during mid-day trading on Friday. 288,692 shares of the company’s stock traded hands, compared to its average volume of 522,328. eGain has a 1 year low of $1.55 and a 1 year high of $19.05. The company has a debt-to-equity ratio of -0.75, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $390.16 million, a PE ratio of -65.00 and a beta of -0.58.
eGain Corporation provides cloud-based customer engagement software solutions worldwide. The company offers eGain software suite, including eGain Mobile for businesses to offer engagement options in the eGain suite to mobile users. It also provides Web applications comprising eGain Offers that helps businesses engage visitors on the company Website and Facebook fan pages; eGain Virtual Assistant that enables conversational automation to engage customers across digital touch points; eGain Cobrowse that enables phone and chat reps to show customers around the Website, help locate information, and hand-hold them during complex tasks; eGain Super Chat for Website visitors to conduct chats with agents; eGain ClickToCall provides Website visitors the ability to request a callback; and eGain SelfService to support customer self-service options.
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