eGain (NASDAQ:EGAN) Downgraded to Buy Rating by StockNews.com

eGain (NASDAQ:EGAN) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

eGain Price Performance

NASDAQ:EGAN opened at $4.83 on Friday. eGain has a 12-month low of $4.68 and a 12-month high of $7.62. The firm has a market capitalization of $135.87 million, a P/E ratio of 34.50 and a beta of 0.54. The business has a 50 day simple moving average of $5.64 and a 200 day simple moving average of $5.50.

eGain (NASDAQ:EGAN) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) 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%. Research analysts anticipate that eGain will post 0.05 EPS for the current fiscal year.

Institutional Trading of eGain

Several hedge funds have recently added to or reduced their stakes in EGAN. Kanen Wealth Management LLC raised its stake in eGain by 6.9% during the 4th quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock valued at $16,571,000 after acquiring an additional 171,451 shares in the last quarter. Mackenzie Financial Corp raised its stake in eGain by 263.0% during the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock valued at $565,000 after acquiring an additional 65,708 shares in the last quarter. JPMorgan Chase & Co. raised its stake in eGain by 382.4% during the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock valued at $465,000 after acquiring an additional 59,207 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in eGain during the 4th quarter valued at $236,000. Finally, Seizert Capital Partners LLC raised its stake in shares of eGain by 55.9% in the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company’s stock worth $370,000 after buying an additional 21,272 shares in the last quarter. Institutional investors 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.