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

eGain (NASDAQ:EGAN) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

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

eGain Stock Performance

Shares of NASDAQ:EGAN opened at $5.18 on Friday. The business’s fifty day moving average price is $5.38 and its two-hundred day moving average price is $6.09. The stock has a market cap of $147.73 million, a PE ratio of 20.72 and a beta of 0.44. eGain has a one year low of $4.71 and a one year high of $8.52.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, September 5th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. eGain had a return on equity of 12.28% and a net margin of 8.38%. The firm had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $21.37 million. As a group, equities research analysts predict that eGain will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its stake in shares of eGain by 17.5% during the third quarter. Assenagon Asset Management S.A. now owns 73,401 shares of the technology company’s stock valued at $374,000 after acquiring an additional 10,933 shares in the last quarter. Williams & Novak LLC acquired a new position in eGain in the third quarter valued at approximately $66,000. Sei Investments Co. boosted its stake in eGain by 2.1% in the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock valued at $1,029,000 after acquiring an additional 3,384 shares during the period. Renaissance Technologies LLC boosted its stake in eGain by 3.3% in the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after acquiring an additional 20,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of eGain by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after buying an additional 1,752 shares during the last quarter. 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.