Zacks Investment Research upgraded shares of eGain (NASDAQ:EGAN) from a sell rating to a hold rating in a report issued on Monday morning, Zacks.com reports.
According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “
Other equities research analysts have also issued research reports about the company. Needham & Company LLC set a $15.00 price objective on eGain and gave the company a buy rating in a report on Wednesday, September 4th. ValuEngine lowered eGain from a buy rating to a hold rating in a report on Thursday, September 12th. BidaskClub raised eGain from a hold rating to a buy rating in a report on Thursday, June 20th. Roth Capital set a $15.00 price objective on eGain and gave the company a buy rating in a report on Wednesday, September 4th. Finally, Craig Hallum set a $8.00 price objective on eGain and gave the company a hold rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $11.75.
NASDAQ EGAN opened at $7.89 on Monday. eGain has a 52-week low of $5.40 and a 52-week high of $12.74. The business’s 50-day moving average price is $7.36 and its 200 day moving average price is $8.77. The firm has a market cap of $243.03 million, a P/E ratio of 49.75, a P/E/G ratio of 13.27 and a beta of 0.67.
eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Tuesday, September 3rd. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). eGain had a net margin of 6.20% and a return on equity of 45.23%. The business had revenue of $16.82 million during the quarter, compared to analysts’ expectations of $16.46 million. During the same period in the prior year, the firm posted $0.01 EPS. eGain’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that eGain will post 0.02 EPS for the current year.
In other news, CFO Eric Smit sold 4,000 shares of eGain stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.00, for a total transaction of $32,000.00. Following the completion of the sale, the chief financial officer now directly owns 137,187 shares in the company, valued at approximately $1,097,496. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 9,000 shares of company stock valued at $70,960. Insiders own 38.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its holdings in eGain by 8,721.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,705 shares of the technology company’s stock valued at $39,000 after acquiring an additional 3,663 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in eGain in the 2nd quarter valued at $82,000. Marshall Wace North America L.P. acquired a new position in eGain in the 1st quarter valued at $114,000. Bank of America Corp DE raised its holdings in eGain by 44.3% in the 4th quarter. Bank of America Corp DE now owns 21,589 shares of the technology company’s stock valued at $142,000 after acquiring an additional 6,628 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in eGain in the 2nd quarter valued at $144,000. Institutional investors own 79.45% 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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