eGain (NASDAQ:EGAN) Receives Buy Rating from Roth Mkm

eGain (NASDAQ:EGAN)‘s stock had its “buy” rating restated by equities research analysts at Roth Mkm in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $10.00 price objective on the technology company’s stock, down from their prior price objective of $12.00. Roth Mkm’s target price suggests a potential upside of 97.63% from the company’s previous close.

Separately, StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

eGain Stock Performance

NASDAQ EGAN traded down $1.21 during trading hours on Friday, hitting $5.06. 160,540 shares of the company’s stock traded hands, compared to its average volume of 96,810. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.04. eGain has a 52 week low of $4.71 and a 52 week high of $7.62. The firm has a market capitalization of $144.33 million, a P/E ratio of 26.66 and a beta of 0.41. The business’s fifty day moving average price is $6.19 and its two-hundred day moving average price is $5.89.

eGain (NASDAQ:EGAN) last issued 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 net margin of 6.45% and a return on equity of 9.53%. Equities research analysts predict that eGain will post 0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in eGain by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after acquiring an additional 2,197 shares during the period. Linden Thomas Advisory Services LLC raised its stake 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 valued at $89,000 after purchasing an additional 2,442 shares during the period. Stoneridge Investment Partners LLC lifted its holdings in eGain by 23.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,771 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in eGain by 11.6% in 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. Finally, Gladius Capital Management LP purchased a new stake in eGain during the 3rd quarter valued at approximately $84,000. Hedge funds and other 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.