BidaskClub Upgrades eGain (NASDAQ:EGAN) to “Hold”

BidaskClub upgraded shares of eGain (NASDAQ:EGAN) from a sell rating to a hold rating in a report published on Saturday morning, BidAskClub reports.

A number of other research firms have also recently commented on EGAN. Zacks Investment Research cut eGain from a buy rating to a hold rating in a report on Wednesday, April 8th. Needham & Company LLC restated a buy rating and set a $11.00 price target on shares of eGain in a research note on Monday, April 13th. Finally, ValuEngine cut eGain from a buy rating to a hold rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. eGain presently has a consensus rating of Buy and an average price target of $11.75.

EGAN opened at $10.57 on Friday. eGain has a one year low of $4.80 and a one year high of $11.41. The stock has a market capitalization of $310.66 million, a PE ratio of 62.18, a P/E/G ratio of 3.27 and a beta of 0.80. The business’s 50 day moving average price is $9.90 and its 200 day moving average price is $8.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48.

eGain (NASDAQ:EGAN) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. eGain had a return on equity of 19.86% and a net margin of 7.41%. The firm had revenue of $18.35 million for the quarter, compared to analysts’ expectations of $17.41 million. As a group, equities research analysts forecast that eGain will post 0.16 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of eGain by 876.8% during the first quarter. JPMorgan Chase & Co. now owns 744,875 shares of the technology company’s stock worth $5,459,000 after acquiring an additional 668,616 shares during the period. EAM Investors LLC purchased a new stake in shares of eGain during the first quarter worth $901,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of eGain during the first quarter worth $196,000. Barclays PLC increased its position in shares of eGain by 96.1% during the fourth quarter. Barclays PLC now owns 20,374 shares of the technology company’s stock worth $161,000 after acquiring an additional 9,986 shares during the period. Finally, Citigroup Inc. increased its position in shares of eGain by 41.0% during the first quarter. Citigroup Inc. now owns 5,758 shares of the technology company’s stock worth $42,000 after acquiring an additional 1,674 shares during the period. Institutional investors own 50.20% of the company’s stock.

eGain Company Profile

eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

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Analyst Recommendations for eGain (NASDAQ:EGAN)

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