Virtu Financial LLC raised its holdings in shares of eGain Corp (NASDAQ:EGAN) by 87.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,773 shares of the technology company’s stock after acquiring an additional 24,574 shares during the quarter. Virtu Financial LLC owned approximately 0.19% of eGain worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EGAN. PenderFund Capital Management Ltd. bought a new stake in eGain in the 4th quarter valued at $223,000. Oaktop Capital Management II L.P. increased its holdings in shares of eGain by 24.5% in the 3rd quarter. Oaktop Capital Management II L.P. now owns 2,536,843 shares of the technology company’s stock worth $6,849,000 after buying an additional 500,000 shares during the last quarter. Royce & Associates LP bought a new stake in shares of eGain in the 4th quarter worth about $500,000. Acadian Asset Management LLC increased its holdings in shares of eGain by 1,584.3% in the 4th quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock worth $187,000 after buying an additional 33,556 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of eGain in the 4th quarter worth about $121,000. Institutional investors own 51.28% of the company’s stock.
Shares of NASDAQ EGAN traded down $0.10 during trading hours on Friday, hitting $8.05. 138,638 shares of the stock were exchanged, compared to its average volume of 174,929. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of -0.64. The firm has a market cap of $222.37, a PE ratio of -36.59 and a beta of -0.54. eGain Corp has a 12 month low of $1.30 and a 12 month high of $8.50.
eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm had revenue of $15.40 million for the quarter, compared to the consensus estimate of $14.74 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. equities research analysts anticipate that eGain Corp will post -0.1 earnings per share for the current fiscal year.
In other eGain news, CFO Eric Smit sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $7.81, for a total transaction of $58,575.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 27,500 shares of company stock valued at $198,750. 39.00% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on EGAN. Zacks Investment Research downgraded shares of eGain from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. ValuEngine upgraded shares of eGain from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Benchmark upgraded shares of eGain from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Friday, February 9th. Roth Capital began coverage on shares of eGain in a research report on Wednesday, January 17th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of eGain in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. eGain presently has an average rating of “Buy” and an average target price of $6.00.
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eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
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