eGain Co. (NASDAQ:EGAN) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of eGain Co. (NASDAQ:EGAN) by 17.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,401 shares of the technology company’s stock after buying an additional 10,933 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of eGain worth $374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. raised its position in eGain by 90.0% during the first quarter. Hillsdale Investment Management Inc. now owns 160,972 shares of the technology company’s stock worth $1,038,000 after acquiring an additional 76,269 shares during the period. BNP Paribas Financial Markets raised its position in shares of eGain by 7.0% during the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after purchasing an additional 2,852 shares during the last quarter. Vanguard Group Inc. lifted its stake in eGain by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock valued at $13,339,000 after buying an additional 10,179 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in eGain by 15.3% in the 1st quarter. GSA Capital Partners LLP now owns 83,764 shares of the technology company’s stock worth $540,000 after buying an additional 11,084 shares during the last quarter. Finally, Williams & Novak LLC purchased a new stake in eGain during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 53.94% of the company’s stock.

eGain Price Performance

EGAN stock opened at $5.18 on Monday. eGain Co. has a 1 year low of $4.71 and a 1 year high of $8.52. The firm has a market capitalization of $147.73 million, a PE ratio of 20.72 and a beta of 0.44. The business has a 50 day simple moving average of $5.38 and a 200-day simple moving average of $6.09.

eGain (NASDAQ:EGAN) last issued its earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. eGain had a return on equity of 12.28% and a net margin of 8.38%. On average, equities research analysts expect that eGain Co. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EGAN. Roth Mkm reaffirmed 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 target price 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. Finally, StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a research report on Friday.

eGain 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.