eGain (NASDAQ:EGAN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

A number of other research analysts have also recently commented on EGAN. Craig Hallum upped their price target on eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Roth Mkm restated a “buy” rating and set a $12.00 target price on shares of eGain in a report on Friday, September 6th.

eGain Stock Up 3.3 %

Shares of NASDAQ:EGAN opened at $5.33 on Wednesday. The company has a market capitalization of $152.01 million, a price-to-earnings ratio of 28.05 and a beta of 0.44. eGain has a 12-month low of $4.71 and a 12-month high of $8.52. The business has a 50-day moving average price of $5.10 and a 200 day moving average price of $6.00. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04.

eGain (NASDAQ:EGAN) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. eGain had a net margin of 6.45% and a return on equity of 9.53%. The business had revenue of $22.46 million during the quarter, compared to analysts’ expectations of $21.37 million. Sell-side analysts expect that eGain will post 0.06 EPS for the current year.

Hedge Funds Weigh In On eGain

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of eGain by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock worth $13,339,000 after buying an additional 10,179 shares during the period. Acadian Asset Management LLC increased its position in shares of eGain by 8.6% in the 2nd quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after purchasing an additional 78,051 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of eGain by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock worth $4,301,000 after purchasing an additional 1,752 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of eGain by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock worth $4,059,000 after purchasing an additional 20,600 shares during the last quarter. Finally, State Street Corp increased its holdings in eGain by 0.8% in the third quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after buying an additional 3,428 shares during the last quarter. Institutional investors and hedge funds own 53.94% of the company’s stock.

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.