StockNews.com Downgrades eGain (NASDAQ:EGAN) to Buy

eGain (NASDAQ:EGAN) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

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

eGain Stock Up 0.2 %

EGAN opened at $4.83 on Friday. eGain has a 12-month low of $4.68 and a 12-month high of $7.62. The firm has a market capitalization of $135.87 million, a P/E ratio of 34.50 and a beta of 0.54. The stock’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.48.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. As a group, analysts anticipate that eGain will post 0.05 earnings per share for the current year.

Institutional Trading of eGain

Several institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in eGain by 0.8% in the third quarter. State Street Corp now owns 413,850 shares of the technology company’s stock worth $2,111,000 after purchasing an additional 3,428 shares during the period. Jane Street Group LLC raised its stake in shares of eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after buying an additional 5,144 shares in the last quarter. Barclays PLC lifted its holdings in shares of eGain by 48.5% during the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock worth $308,000 after acquiring an additional 19,772 shares during the period. JPMorgan Chase & Co. boosted its position in shares of eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Kanen Wealth Management LLC increased its stake in eGain by 6.9% in the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock valued at $16,571,000 after acquiring an additional 171,451 shares during the period. Institutional investors and hedge funds 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.