eGain (NASDAQ:EGAN) Lowered to Buy Rating by StockNews.com

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

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

eGain Stock Performance

EGAN stock opened at $4.83 on Tuesday. The firm has a market cap of $135.87 million, a P/E ratio of 34.50 and a beta of 0.54. eGain has a 1 year low of $4.68 and a 1 year high of $7.62. The stock has a 50-day simple moving average of $5.42 and a 200-day simple moving average of $5.46.

eGain (NASDAQ:EGAN) last released its quarterly 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 return on equity of 7.41% and a net margin of 4.86%. On average, equities research analysts predict that eGain will post 0.05 EPS for the current year.

Hedge Funds Weigh In On eGain

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in shares of eGain by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock worth $51,000 after buying an additional 2,197 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in eGain during the 4th quarter valued at $71,000. JPMorgan Chase & Co. grew its holdings in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after acquiring an additional 1,613 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position 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 worth $89,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Stoneridge Investment Partners LLC raised 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 in the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

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.