eGain (NASDAQ:EGAN) shares hit a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $11.35 and last traded at $11.55, with a volume of 34333 shares changing hands. The stock had previously closed at $10.10.
A number of research analysts have recently issued reports on the company. ValuEngine upgraded eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Benchmark lifted their price target on eGain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, May 8th. Finally, Zacks Investment Research upgraded eGain from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $7.00.
The company has a debt-to-equity ratio of -0.75, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $311.04 million, a price-to-earnings ratio of -55.91 and a beta of -0.53.
eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Monday, May 7th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.06. The business had revenue of $15.75 million during the quarter, compared to analyst estimates of $15.24 million. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. research analysts anticipate that eGain will post -0.09 earnings per share for the current year.
In other news, Director Gunjan Sinha sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $9.92, for a total value of $396,800.00. Following the completion of the sale, the director now owns 1,006,003 shares of the company’s stock, valued at approximately $9,979,549.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Smit sold 10,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $8.00, for a total value of $80,000.00. Following the completion of the sale, the chief financial officer now directly owns 257,053 shares of the company’s stock, valued at approximately $2,056,424. The disclosure for this sale can be found here. Insiders sold a total of 57,500 shares of company stock valued at $535,375 in the last three months. Insiders own 39.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in eGain by 195.6% during the 4th quarter. Renaissance Technologies LLC now owns 778,014 shares of the technology company’s stock worth $4,085,000 after acquiring an additional 514,784 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in eGain during the 1st quarter worth about $1,440,000. Millennium Management LLC lifted its position in eGain by 197.0% during the 1st quarter. Millennium Management LLC now owns 219,927 shares of the technology company’s stock worth $1,748,000 after acquiring an additional 145,881 shares during the period. Allianz Asset Management GmbH acquired a new stake in eGain during the 1st quarter worth about $1,123,000. Finally, EAM Investors LLC acquired a new stake in eGain during the 4th quarter worth about $725,000. 60.32% of the stock is owned by hedge funds and other institutional investors.
eGain Company Profile
eGain Corporation provides cloud-based customer engagement software solutions worldwide. The company offers eGain software suite, including eGain Mobile for businesses to offer engagement options in the eGain suite to mobile users. It also provides Web applications comprising eGain Offers that helps businesses engage visitors on the company Website and Facebook fan pages; eGain Virtual Assistant that enables conversational automation to engage customers across digital touch points; eGain Cobrowse that enables phone and chat reps to show customers around the Website, help locate information, and hand-hold them during complex tasks; eGain Super Chat for Website visitors to conduct chats with agents; eGain ClickToCall provides Website visitors the ability to request a callback; and eGain SelfService to support customer self-service options.
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