eGain (NASDAQ:EGAN) Stock Rating Upgraded by StockNews.com

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

EGAN has been the topic of several other reports. Craig Hallum boosted their target price 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 restated a “buy” rating and issued a $12.00 price objective on shares of eGain in a report on Friday, September 6th.

eGain Stock Up 2.2 %

Shares of eGain stock opened at $5.16 on Wednesday. The company’s 50 day moving average price is $5.09 and its 200-day moving average price is $6.01. eGain has a 52-week low of $4.71 and a 52-week high of $8.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $147.18 million, a price-to-earnings ratio of 27.16 and a beta of 0.44.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The firm had revenue of $22.46 million during the quarter, compared to the consensus estimate of $21.37 million. eGain had a net margin of 6.45% and a return on equity of 9.53%. Equities research analysts forecast that eGain will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after purchasing an additional 2,852 shares in the last quarter. Vanguard Group Inc. lifted its position in eGain by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock valued at $13,339,000 after acquiring an additional 10,179 shares during the period. Assenagon Asset Management S.A. boosted its stake in eGain by 31.3% during the second quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock worth $394,000 after acquiring an additional 14,893 shares in the last quarter. Williams & Novak LLC purchased a new stake in eGain in the third quarter worth about $66,000. Finally, Acadian Asset Management LLC increased its stake in shares of eGain by 8.6% during the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after purchasing an additional 78,051 shares in the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

About eGain

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.