eGain (NASDAQ:EGAN) Rating Lowered to “Buy” at StockNews.com

eGain (NASDAQ:EGAN) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

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

eGain Trading Down 1.8 %

Shares of EGAN opened at $4.85 on Tuesday. The stock’s 50 day moving average is $5.45 and its two-hundred day moving average is $5.46. eGain has a twelve month low of $4.68 and a twelve month high of $7.62. The firm has a market capitalization of $136.44 million, a PE ratio of 34.64 and a beta of 0.54.

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, meeting analysts’ consensus estimates of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. On average, sell-side analysts predict that eGain will post 0.05 EPS for the current year.

Institutional Trading of eGain

A number of institutional investors have recently bought and sold shares of EGAN. Mackenzie Financial Corp raised its stake in shares of eGain by 263.0% during the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock worth $565,000 after buying an additional 65,708 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in eGain during the fourth quarter worth about $71,000. Bank of America Corp DE lifted its holdings in shares of eGain by 8.9% in the fourth quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after purchasing an additional 2,525 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of eGain by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock worth $51,000 after purchasing an additional 2,197 shares in the last quarter. 53.94% of the stock is currently owned by hedge funds and other 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.