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

eGain (NASDAQ:EGAN) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

eGain Stock Performance

eGain stock opened at $4.83 on Friday. eGain has a twelve month low of $4.68 and a twelve month high of $7.62. The firm has a market cap of $135.87 million, a PE ratio of 34.50 and a beta of 0.54. The firm’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.48.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. Equities analysts anticipate that eGain will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On eGain

Several hedge funds have recently bought and sold shares of EGAN. Kanen Wealth Management LLC boosted its stake in shares of eGain by 6.9% during the 4th quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock worth $16,571,000 after acquiring an additional 171,451 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in eGain by 263.0% in the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock worth $565,000 after purchasing an additional 65,708 shares during the last quarter. JPMorgan Chase & Co. boosted its position in eGain by 382.4% during the fourth quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock worth $465,000 after purchasing an additional 59,207 shares during the period. Integrated Quantitative Investments LLC acquired a new position in eGain during the fourth quarter valued at approximately $236,000. Finally, Seizert Capital Partners LLC raised its position in shares of eGain by 55.9% in the fourth quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company’s stock valued at $370,000 after purchasing an additional 21,272 shares during the period. 53.94% of the stock is owned by institutional investors and hedge funds.

About eGain

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.