eGain’s (EGAN) “Buy” Rating Reaffirmed at Roth Capital

eGain (NASDAQ:EGAN)‘s stock had its “buy” rating restated by equities research analysts at Roth Capital in a note issued to investors on Thursday,Benzinga reports. They currently have a $20.00 price objective on the technology company’s stock, up from their previous price objective of $10.00. Roth Capital’s target price indicates a potential upside of 70.98% from the stock’s current price.

A number of other equities analysts also recently issued reports on EGAN. Zacks Research downgraded shares of eGain from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of eGain in a report on Tuesday, October 14th. Finally, Wall Street Zen cut eGain from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

eGain Stock Performance

EGAN stock traded down $3.40 on Thursday, reaching $11.70. The company’s stock had a trading volume of 719,572 shares, compared to its average volume of 141,001. The firm has a market cap of $316.04 million, a PE ratio of 10.21 and a beta of 0.49. The business has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $7.95. eGain has a 12-month low of $4.34 and a 12-month high of $15.95.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. eGain had a net margin of 36.47% and a return on equity of 5.41%. The business had revenue of $23.51 million during the quarter, compared to analyst estimates of $23.22 million. eGain has set its Q2 2026 guidance at 0.070-0.080 EPS. FY 2026 guidance at 0.290-0.340 EPS. As a group, research analysts anticipate that eGain will post 0.05 earnings per share for the current fiscal year.

eGain announced that its board has approved a share repurchase program on Thursday, September 4th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CFO Eric Smit sold 15,000 shares of eGain stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the transaction, the chief financial officer owned 129,187 shares of the company’s stock, valued at $1,291,870. The trade was a 10.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 38.70% of the stock is currently owned by corporate insiders.

Institutional Trading of eGain

Institutional investors and hedge funds have recently bought and sold shares of the company. Jefferies Financial Group Inc. purchased a new position in eGain in the first quarter worth about $83,000. Ritholtz Wealth Management purchased a new stake in shares of eGain during the second quarter valued at approximately $194,000. Navellier & Associates Inc. bought a new stake in shares of eGain during the third quarter valued at approximately $277,000. Hillsdale Investment Management Inc. purchased a new position in eGain in the 3rd quarter worth approximately $340,000. Finally, Jane Street Group LLC raised its holdings in eGain by 53.7% in the 1st quarter. Jane Street Group LLC now owns 47,726 shares of the technology company’s stock worth $231,000 after acquiring an additional 16,678 shares during the last quarter. 53.94% of the stock is currently owned by institutional investors.

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.