eGain (NASDAQ:EGAN) Downgraded to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of eGain (NASDAQ:EGAN) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Separately, Roth Mkm reiterated a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Up 0.2 %

EGAN opened at $4.83 on Friday. The company has a market cap of $135.87 million, a price-to-earnings ratio of 34.50 and a beta of 0.54. eGain has a 52-week low of $4.68 and a 52-week high of $7.62. The firm’s fifty day simple moving average is $5.64 and its two-hundred day simple moving average is $5.49.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, research analysts forecast that eGain will post 0.05 EPS for the current year.

Institutional Investors Weigh In On eGain

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in eGain by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock worth $51,000 after purchasing an additional 2,197 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in eGain during the fourth quarter worth about $71,000. Linden Thomas Advisory Services LLC increased its position in eGain by 20.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after purchasing an additional 2,442 shares during the last quarter. Stoneridge Investment Partners LLC increased its position in eGain by 23.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,771 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in eGain by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,613 shares during the last quarter. 53.94% of the stock is currently owned by institutional investors and hedge funds.

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.