eGain (NASDAQ:EGAN) Raised to “Strong-Buy” at 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 report issued on Friday.

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

eGain Stock Up 0.6 %

Shares of NASDAQ:EGAN opened at $4.76 on Friday. The firm has a market cap of $133.90 million, a P/E ratio of 34.00 and a beta of 0.54. eGain has a 12-month low of $4.68 and a 12-month high of $7.62. The business has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $5.57.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, equities research analysts expect that eGain will post 0.05 EPS for the current year.

Institutional Trading of eGain

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in 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 acquiring an additional 2,197 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in shares of eGain in the 4th quarter valued at about $71,000. JPMorgan Chase & Co. grew its stake in shares of eGain by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after buying an additional 1,613 shares during the period. Gladius Capital Management LP acquired a new stake in shares of eGain in the 3rd quarter valued at about $84,000. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of eGain by 20.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock valued at $89,000 after buying an additional 2,442 shares during the period. 53.94% of the stock is currently owned by institutional investors and hedge funds.

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.