eGain (NASDAQ:EGAN) Cut to Buy at StockNews.com

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

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

eGain Stock Performance

Shares of NASDAQ EGAN opened at $4.83 on Tuesday. eGain has a 52-week low of $4.71 and a 52-week high of $7.62. The stock has a market cap of $135.87 million, a P/E ratio of 34.50 and a beta of 0.41. The firm has a 50 day moving average price of $6.08 and a two-hundred day moving average price of $5.77.

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

Hedge Funds Weigh In On eGain

A number of hedge funds and other institutional investors have recently bought and sold shares of EGAN. Wells Fargo & Company MN lifted its holdings in shares of 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 acquiring an additional 2,197 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in eGain during the fourth quarter worth about $71,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 in the last quarter. Gladius Capital Management LP bought a new position in shares of eGain during the 3rd quarter valued at about $84,000. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of 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 buying an additional 2,442 shares in the last quarter. Hedge funds and other 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.