eGain (NASDAQ:EGAN) Cut to “Buy” at StockNews.com

eGain (NASDAQ:EGAN) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

EGAN has been the topic of a number of other reports. Roth Mkm reiterated a “buy” rating and issued a $12.00 price objective on shares of eGain in a research report on Friday, September 6th. Craig Hallum lifted their price target on shares of eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th.

eGain Stock Down 7.3 %

NASDAQ:EGAN opened at $5.37 on Tuesday. The firm has a market capitalization of $153.15 million, a P/E ratio of 28.26 and a beta of 0.44. The company has a fifty day moving average of $5.12 and a 200 day moving average of $6.05. eGain has a 52 week low of $4.71 and a 52 week high of $8.52.

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 9.26%. As a group, analysts anticipate that eGain will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Williams & Novak LLC purchased a new position in shares of eGain in the 3rd quarter valued at approximately $66,000. Gladius Capital Management LP purchased a new position in eGain during the third quarter valued at $84,000. Seizert Capital Partners LLC boosted its holdings in shares of eGain by 99.5% during the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock valued at $194,000 after buying an additional 18,989 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of eGain by 7.0% in the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after buying an additional 2,852 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of eGain by 31.3% in the 2nd 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. Hedge funds and other institutional investors 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.