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

StockNews.com lowered shares of eGain (NASDAQ:EGAN) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

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

eGain Price Performance

NASDAQ:EGAN opened at $4.98 on Tuesday. eGain has a 1 year low of $4.71 and a 1 year high of $7.62. The firm has a market capitalization of $140.09 million, a price-to-earnings ratio of 35.57 and a beta of 0.41. The business has a 50 day simple moving average of $6.11 and a 200-day simple moving average of $5.78.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,613 shares during the period. Dimensional Fund Advisors LP increased its holdings in eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock worth $4,300,000 after purchasing an additional 1,820 shares during the period. Wells Fargo & Company MN increased 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 purchasing an additional 2,197 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after purchasing an additional 2,442 shares during the period. Finally, Bank of America Corp DE increased its holdings in eGain by 8.9% during the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock worth $192,000 after purchasing an additional 2,525 shares during the period. 53.94% of the stock is currently owned by hedge funds and other 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.