StockNews.com Downgrades eGain (NASDAQ:EGAN) to Buy

by · The Cerbat Gem

eGain (NASDAQ:EGAN – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

Several other equities analysts have also commented on the stock. Roth Mkm reiterated a “buy” rating and issued a $12.00 price target on shares of eGain in a research note on Friday, September 6th. Craig Hallum lifted their price target on shares of eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Friday, September 6th.

Get Our Latest Stock Analysis on eGain

eGain Trading Down 1.8 %

NASDAQ EGAN opened at $4.81 on Monday. The stock has a fifty day simple moving average of $6.12 and a 200-day simple moving average of $6.26. The stock has a market cap of $143.47 million, a PE ratio of 17.18 and a beta of 0.44. eGain has a twelve month low of $4.81 and a twelve month high of $8.52.

eGain (NASDAQ:EGAN – Get Free Report) last posted 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 firm had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. eGain had a net margin of 8.38% and a return on equity of 12.28%. Research analysts predict that eGain will post 0.01 EPS for the current year.

Institutional Investors Weigh In On eGain

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Williams & Novak LLC purchased a new position in shares of eGain during the third quarter worth approximately $66,000. Sei Investments Co. grew 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 worth $1,029,000 after purchasing an additional 3,384 shares during the last quarter. Renaissance Technologies LLC increased its stake in eGain by 3.3% in the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after purchasing an additional 20,600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of eGain by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after buying an additional 1,752 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of eGain by 8.6% during the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock worth $6,207,000 after buying an additional 78,051 shares during the period. Hedge funds and other institutional investors own 53.94% of the company’s stock.

eGain Company Profile

(Get Free Report)

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.

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