Assenagon Asset Management S.A. Boosts Stake in eGain Co. (NASDAQ:EGAN)

Assenagon Asset Management S.A. grew its holdings in eGain Co. (NASDAQ:EGAN) by 17.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,401 shares of the technology company’s stock after purchasing an additional 10,933 shares during the period. Assenagon Asset Management S.A.’s holdings in eGain were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Williams & Novak LLC purchased a new position in eGain during the third quarter worth about $66,000. Sei Investments Co. boosted its position 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 during the period. Renaissance Technologies LLC increased its holdings in eGain by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after purchasing an additional 20,600 shares during the last quarter. Dimensional Fund Advisors LP raised its position in eGain by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after purchasing an additional 1,752 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in eGain by 8.6% during the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock worth $6,207,000 after purchasing an additional 78,051 shares in the last quarter. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

eGain Trading Up 5.3 %

Shares of NASDAQ EGAN opened at $5.18 on Monday. The stock has a market cap of $147.73 million, a P/E ratio of 20.72 and a beta of 0.44. The business’s fifty day simple moving average is $5.38 and its 200-day simple moving average is $6.09. eGain Co. has a 12-month low of $4.71 and a 12-month high of $8.52.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. eGain had a return on equity of 12.28% and a net margin of 8.38%. The company had revenue of $22.46 million for the quarter, compared to analyst estimates of $21.37 million. On average, equities analysts forecast that eGain Co. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EGAN. Craig Hallum lifted their price objective on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Roth Mkm reiterated a “buy” rating and set a $12.00 price target on shares of eGain in a research note on Friday, September 6th. Finally, StockNews.com raised shares of eGain from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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.