eGain (NASDAQ:EGAN) Raised 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 Tuesday.

Several other equities analysts have also issued reports on EGAN. Roth Mkm reiterated a “buy” rating and issued a $12.00 price objective on shares of eGain in a research report on Friday, September 6th. Craig Hallum boosted their price objective on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Friday, September 6th.

eGain Stock Performance

Shares of EGAN opened at $5.03 on Tuesday. The stock has a 50 day simple moving average of $6.73 and a 200 day simple moving average of $6.40. eGain has a 52-week low of $4.81 and a 52-week high of $8.52. The firm has a market capitalization of $150.03 million, a PE ratio of 17.96, a P/E/G ratio of 24.50 and a beta of 0.45.

Hedge Funds Weigh In On eGain

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in eGain by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock worth $13,339,000 after acquiring an additional 10,179 shares during the last quarter. Acadian Asset Management LLC boosted its position in eGain by 8.6% during the 2nd quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock worth $6,207,000 after acquiring an additional 78,051 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in eGain by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock worth $4,301,000 after acquiring an additional 1,752 shares during the last quarter. Renaissance Technologies LLC boosted its position in eGain by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock worth $4,059,000 after acquiring an additional 20,600 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of eGain by 2.1% during 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. Institutional investors and hedge funds 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.