eGain (NASDAQ:EGAN) Upgraded to “Strong-Buy” at StockNews.com

eGain (NASDAQ:EGANGet Rating) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Other equities research analysts have also issued reports about the stock. TheStreet lowered shares of eGain from a “c” rating to a “d+” rating in a research report on Wednesday, September 21st. Craig Hallum reduced their price objective on shares of eGain from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, September 9th.

eGain Stock Down 1.4 %

eGain stock opened at $9.16 on Wednesday. eGain has a 1-year low of $7.02 and a 1-year high of $13.70. The firm has a market capitalization of $292.54 million, a price-to-earnings ratio of -91.59 and a beta of 0.41. The firm’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $8.86. The company has a current ratio of 1.74, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

eGain (NASDAQ:EGANGet Rating) last announced its quarterly earnings data on Thursday, September 8th. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $23.50 million for the quarter, compared to analyst estimates of $23.42 million. eGain had a negative net margin of 3.16% and a negative return on equity of 5.38%. On average, equities research analysts predict that eGain will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On eGain

Several institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of eGain by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 1,684,639 shares of the technology company’s stock worth $16,425,000 after purchasing an additional 543,228 shares during the last quarter. Cooper Creek Partners Management LLC lifted its holdings in shares of eGain by 6.8% during the first quarter. Cooper Creek Partners Management LLC now owns 1,082,904 shares of the technology company’s stock worth $12,540,000 after purchasing an additional 69,081 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in eGain by 47.7% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,005,980 shares of the technology company’s stock valued at $7,394,000 after acquiring an additional 325,052 shares during the period. Acadian Asset Management LLC lifted its holdings in eGain by 25.6% in the first quarter. Acadian Asset Management LLC now owns 845,593 shares of the technology company’s stock valued at $9,789,000 after acquiring an additional 172,112 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in eGain by 0.9% in the second quarter. Renaissance Technologies LLC now owns 797,419 shares of the technology company’s stock valued at $7,775,000 after acquiring an additional 6,926 shares during the period. Institutional investors own 55.42% of the company’s stock.

eGain Company Profile

(Get Rating)

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 unified Knowledge Hub solutions to automate, augment, and orchestrate customer engagement. The company also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting and implementation, training, and managed services.

Further Reading

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