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

eGain (NASDAQ:EGAN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

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

eGain Stock Down 3.1 %

NASDAQ EGAN traded down $0.16 during mid-day trading on Tuesday, hitting $4.98. The stock had a trading volume of 122,901 shares, compared to its average volume of 98,319. The company has a 50 day simple moving average of $6.11 and a 200 day simple moving average of $5.78. The company has a market cap of $140.09 million, a price-to-earnings ratio of 35.57 and a beta of 0.41. eGain has a 52-week low of $4.71 and a 52-week high of $7.62.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. As a group, equities analysts anticipate that eGain will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On eGain

Several hedge funds have recently bought and sold shares of EGAN. Wells Fargo & Company MN increased its position in eGain by 36.8% during the 4th 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 in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of eGain during the 4th quarter worth about $71,000. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 1,613 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of eGain during the third quarter worth about $84,000. Finally, Linden Thomas Advisory Services LLC raised its position in shares of eGain by 20.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock valued at $89,000 after buying an additional 2,442 shares during the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

eGain Company Profile

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.