eGain (NASDAQ:EGAN) Upgraded by StockNews.com to “Strong-Buy” Rating

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

Several other brokerages have also recently issued reports on EGAN. Roth Mkm restated a “buy” rating and issued a $12.00 target price on shares of eGain in a report on Friday, September 6th. Craig Hallum increased their price target on shares of eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th.

eGain Stock Performance

Shares of eGain stock opened at $5.18 on Friday. The stock has a 50 day moving average price of $5.38 and a two-hundred day moving average price of $6.09. eGain has a 52 week low of $4.71 and a 52 week high of $8.52. The stock has a market capitalization of $147.73 million, a PE ratio of 20.72 and a beta of 0.44.

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

Hedge Funds Weigh In On eGain

A number of hedge funds have recently bought and sold shares of EGAN. Williams & Novak LLC acquired a new stake in shares of eGain during the 3rd quarter worth about $66,000. BNP Paribas Financial Markets boosted its stake in shares of eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock valued at $280,000 after buying an additional 2,852 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of eGain by 17.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 73,401 shares of the technology company’s stock valued at $374,000 after acquiring an additional 10,933 shares during the period. GSA Capital Partners LLP increased its stake in shares of eGain by 15.3% during the 1st quarter. GSA Capital Partners LLP now owns 83,764 shares of the technology company’s stock worth $540,000 after purchasing an additional 11,084 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of eGain by 2.1% in the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock valued at $1,029,000 after buying an additional 3,384 shares during the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

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.