eGain (NASDAQ:EGAN) PT Lowered to $8.00

eGain (NASDAQ:EGAN – Get Rating) had its price target decreased by stock analysts at Craig Hallum from $9.00 to $8.00 in a research note issued to investors on Friday, The Fly reports. Craig Hallum’s price objective points to a potential upside of 18.17% from the stock’s current price.

EGAN has been the subject of several other research reports. Roth Capital restated a “buy” rating on shares of eGain in a report on Tuesday, February 14th. StockNews.com assumed coverage on shares of eGain in a report on Thursday, March 16th. They issued a “strong-buy” rating on the stock.

eGain Stock Down 4.9 %

EGAN opened at $6.77 on Friday. The firm has a market cap of $217.53 million, a P/E ratio of -96.71 and a beta of 0.62. The business’s fifty day simple moving average is $7.40 and its 200 day simple moving average is $8.30. eGain has a 52 week low of $6.77 and a 52 week high of $10.55. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.03.

Institutional Trading of eGain

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its stake in eGain by 503.9% during the fourth quarter. UBS Group AG now owns 4,698 shares of the technology company’s stock worth $42,000 after buying an additional 3,920 shares during the period. BNP Paribas Arbitrage SA increased its holdings in eGain by 81.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,813 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,154 shares in the last quarter. Tower Research Capital LLC TRC raised its position in eGain by 388.8% in the first quarter. Tower Research Capital LLC TRC now owns 6,848 shares of the technology company’s stock valued at $52,000 after purchasing an additional 5,447 shares during the period. Prelude Capital Management LLC acquired a new position in shares of eGain during the third quarter worth about $75,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of eGain in the first quarter valued at about $88,000. Institutional investors and hedge funds own 62.05% of the company’s stock.

eGain Company Profile

(Get Rating)

eGain Corp. engages in the development, licensing, implementation, and support of customer service infrastructure software solutions. Its solutions include financial services, insurance, retail, travel and hospitality, ecommerce, helpdesks, and marketing. The company was founded by Ashutosh Roy in September 1997 and is headquartered in Sunnyvale, CA.