eGain’s (EGAN) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of eGain (NASDAQ:EGAN) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $10.00 target price on the technology company’s stock, down from their previous target price of $12.00.

Separately, StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

eGain Price Performance

eGain stock opened at $5.13 on Friday. The company has a market cap of $146.31 million, a price-to-earnings ratio of 27.00 and a beta of 0.41. The firm’s fifty day moving average is $6.18 and its 200 day moving average is $5.86. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. eGain has a 52-week low of $4.71 and a 52-week high of $7.62.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data 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 net margin of 6.45% and a return on equity of 9.53%. Sell-side analysts forecast that eGain will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EGAN. Kanen Wealth Management LLC grew its holdings in shares of eGain by 6.9% in the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock worth $16,571,000 after purchasing an additional 171,451 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of eGain by 382.4% in 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 last quarter. Integrated Quantitative Investments LLC bought a new position in shares of eGain in the fourth quarter worth about $236,000. Seizert Capital Partners LLC lifted its stake in eGain by 55.9% in the fourth quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company’s stock worth $370,000 after acquiring an additional 21,272 shares during the period. Finally, Barclays PLC lifted its stake in eGain by 48.5% in the third quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock worth $308,000 after acquiring an additional 19,772 shares during the period. 53.94% of the stock is currently owned by institutional investors.

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.