eGain (NASDAQ:EGAN) Rating Increased to Strong-Buy at StockNews.com

eGain (NASDAQ:EGAN) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages have also recently weighed in on EGAN. Roth Mkm restated a “buy” rating and set a $12.00 target price on shares of eGain in a report on Friday, September 6th. Craig Hallum increased their target price on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th.

eGain Price Performance

EGAN opened at $5.03 on Wednesday. The stock has a market capitalization of $143.46 million, a P/E ratio of 26.48 and a beta of 0.44. eGain has a 12-month low of $4.71 and a 12-month high of $8.52. The stock has a 50-day moving average price of $5.09 and a 200-day moving average price of $6.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in eGain by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after purchasing an additional 1,752 shares during the last quarter. BNP Paribas Financial Markets raised its position in eGain by 7.0% during the 1st 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. Sei Investments Co. raised its position in eGain by 2.1% during the 2nd quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock valued at $1,029,000 after purchasing an additional 3,384 shares during the last quarter. State Street Corp raised its position in shares of eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company’s stock worth $2,111,000 after acquiring an additional 3,428 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 worth $182,000 after acquiring an additional 5,144 shares in the last quarter. Institutional investors 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.