eGain (NASDAQ:EGAN) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of eGain (NASDAQ:EGAN) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

Separately, Roth Mkm reissued a “buy” rating and set a $10.00 price target (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Price Performance

EGAN opened at $5.10 on Thursday. eGain has a 12 month low of $4.34 and a 12 month high of $7.62. The business has a 50-day moving average of $4.83 and a two-hundred day moving average of $5.42. The stock has a market capitalization of $143.47 million, a price-to-earnings ratio of 36.43 and a beta of 0.43.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. Equities research analysts anticipate that eGain will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On eGain

A number of hedge funds have recently made changes to their positions in EGAN. JPMorgan Chase & Co. increased its holdings in eGain by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,613 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after buying an additional 1,820 shares during the period. Wells Fargo & Company MN lifted its position in eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock worth $51,000 after acquiring an additional 2,197 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in eGain by 20.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after acquiring an additional 2,442 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in eGain by 6.1% in the first quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company’s stock valued at $207,000 after acquiring an additional 2,446 shares in the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

About eGain

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.