eGain (NASDAQ:EGAN) Upgraded at StockNews.com

StockNews.com upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a research note published on Friday.

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

eGain Stock Down 3.1%

eGain stock opened at $5.08 on Friday. The firm has a market cap of $138.94 million, a P/E ratio of 36.29 and a beta of 0.43. The business has a fifty day moving average of $4.86 and a two-hundred day moving average of $5.43. eGain has a twelve month low of $4.34 and a twelve month high of $7.62.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. The firm had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $21.24 million. Equities analysts expect that eGain will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in eGain by 36.8% in the fourth 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. Occudo Quantitative Strategies LP purchased a new position in shares of eGain in the 4th quarter valued at approximately $71,000. JPMorgan Chase & Co. boosted its stake in eGain by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,613 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in eGain during the 1st quarter worth approximately $83,000. Finally, Linden Thomas Advisory Services LLC increased its stake in eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock valued at $89,000 after purchasing an additional 2,442 shares in the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

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.