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

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

Several other equities research analysts also recently weighed in on EGAN. Craig Hallum raised their price objective on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th. Roth Mkm reissued a “buy” rating and set a $12.00 price target on shares of eGain in a research note on Friday, September 6th.

eGain Price Performance

NASDAQ EGAN traded down $0.14 during trading on Tuesday, hitting $5.24. 7,735 shares of the company’s stock were exchanged, compared to its average volume of 81,086. The stock’s 50 day moving average price is $5.10 and its two-hundred day moving average price is $6.05. eGain has a fifty-two week low of $4.71 and a fifty-two week high of $8.52. The company has a current ratio of 1.79, a quick ratio of 1.71 and a debt-to-equity ratio of 0.04. The company has a market cap of $149.44 million, a PE ratio of 28.32 and a beta of 0.44.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. eGain had a net margin of 6.45% and a return on equity of 9.53%. The business had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. Research analysts expect that eGain will post 0.01 EPS for the current year.

Hedge Funds Weigh In On eGain

Large investors have recently modified their holdings of the business. Williams & Novak LLC bought a new position in eGain during the 3rd quarter worth $66,000. Gladius Capital Management LP acquired a new position in shares of eGain in the third quarter worth approximately $84,000. Seizert Capital Partners LLC lifted its stake in shares of eGain by 99.5% in the third quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock worth $194,000 after acquiring an additional 18,989 shares during the period. BNP Paribas Financial Markets boosted its holdings in eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock valued at $280,000 after acquiring an additional 2,852 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in eGain by 17.5% in 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 during the last quarter. Institutional investors own 53.94% of the company’s stock.

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.