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

StockNews.com lowered shares of eGain (NASDAQ:EGAN) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

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

eGain Stock Performance

EGAN stock opened at $4.97 on Friday. The stock has a fifty day moving average of $5.60 and a 200-day moving average of $5.47. eGain has a fifty-two week low of $4.68 and a fifty-two week high of $7.62. The company has a market capitalization of $139.81 million, a price-to-earnings ratio of 35.50 and a beta of 0.54.

eGain (NASDAQ:EGAN) last issued its earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. Equities analysts predict that eGain will post 0.05 EPS for the current year.

Hedge Funds Weigh In On eGain

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake 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 valued at $79,000 after purchasing an additional 1,613 shares during the period. Dimensional Fund Advisors LP raised its holdings in eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after buying an additional 1,820 shares during the last quarter. Wells Fargo & Company MN boosted 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 valued at $51,000 after buying an additional 2,197 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in eGain by 20.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after acquiring an additional 2,442 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of eGain by 8.9% in the fourth quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after acquiring an additional 2,525 shares during the period. 53.94% of the stock is currently owned by institutional investors.

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.