eGain (NASDAQ:EGAN) Rating Increased to Strong-Buy at StockNews.com

eGain (NASDAQ:EGAN) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

EGAN has been the topic of several other research reports. Roth Mkm reaffirmed a “buy” rating and set a $12.00 target price on shares of eGain in a research report on Friday, September 6th. Craig Hallum lifted their target price on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Friday, September 6th.

eGain Trading Up 1.0 %

Shares of eGain stock opened at $5.03 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79. eGain has a 52 week low of $4.71 and a 52 week high of $8.52. The stock has a 50 day moving average price of $5.09 and a two-hundred day moving average price of $6.02. The stock has a market capitalization of $143.46 million, a PE ratio of 26.48 and a beta of 0.44.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data 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 9.53% and a net margin of 6.45%. The firm had revenue of $22.46 million during the quarter, compared to analysts’ expectations of $21.37 million. As a group, equities analysts anticipate that eGain will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of eGain

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of eGain by 0.3% in 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 period. BNP Paribas Financial Markets increased its stake in eGain by 7.0% in the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after acquiring an additional 2,852 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of eGain by 2.1% in the 2nd quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock worth $1,029,000 after purchasing an additional 3,384 shares in the last quarter. State Street Corp boosted its holdings in shares of eGain by 0.8% in the 3rd quarter. State Street Corp now owns 413,850 shares of the technology company’s stock worth $2,111,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock worth $182,000 after purchasing an additional 5,144 shares in the last quarter. 53.94% of the stock is currently owned by 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.