eGain’s (EGAN) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their buy rating on shares of eGain (NASDAQ:EGAN) in a research note published on Friday morning,Benzinga reports. They currently have a $10.00 price objective on the technology company’s stock, down from their prior price objective of $12.00.

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

eGain Stock Down 18.2 %

eGain stock opened at $5.13 on Friday. The stock has a market capitalization of $146.33 million, a PE ratio of 27.00 and a beta of 0.41. eGain has a 12 month low of $4.71 and a 12 month high of $7.62. The business has a 50 day simple moving average of $6.18 and a 200-day simple moving average of $5.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.79.

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 9.53% and a net margin of 6.45%. On average, analysts anticipate that eGain will post 0.06 EPS for the current fiscal year.

Institutional Trading of eGain

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in eGain by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after buying an additional 1,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of eGain by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after purchasing an additional 1,820 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after purchasing an additional 2,197 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of eGain by 20.6% in 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 last quarter. Finally, Stoneridge Investment Partners LLC lifted its stake in shares of eGain by 23.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock valued at $90,000 after purchasing an additional 2,771 shares during the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

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.