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

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

A number of other brokerages have also issued reports on EGAN. Craig Hallum raised their price target on shares of eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Roth Mkm reissued a “buy” rating and issued a $12.00 target price on shares of eGain in a research note on Friday, September 6th.

eGain Stock Down 2.6 %

NASDAQ EGAN opened at $4.90 on Tuesday. The company has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $6.39. eGain has a 12-month low of $4.81 and a 12-month high of $8.52. The firm has a market cap of $146.15 million, a price-to-earnings ratio of 17.96, a PEG ratio of 24.50 and a beta of 0.45.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of eGain by 100.5% during the 4th quarter. BNP Paribas Financial Markets now owns 40,525 shares of the technology company’s stock valued at $338,000 after purchasing an additional 20,315 shares in the last quarter. Trexquant Investment LP boosted its position in eGain by 27.9% during the 4th quarter. Trexquant Investment LP now owns 55,101 shares of the technology company’s stock valued at $459,000 after acquiring an additional 12,027 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of eGain by 31.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock worth $394,000 after acquiring an additional 14,893 shares during the period. GSA Capital Partners LLP raised its position in shares of 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 acquiring an additional 11,084 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of eGain in the 4th quarter valued at approximately $706,000. 53.94% of the stock is 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.