eGain Corp. (NASDAQ:EGAN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.

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 analysts also recently issued reports about the stock. Ladenburg Thalmann raised shares of eGain Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, September 9th. Benchmark Co. dropped their price target on shares of eGain Corp. from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Friday, September 9th.

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Shares of eGain Corp. (NASDAQ:EGAN) traded down 3.95% during mid-day trading on Wednesday, hitting $2.92. The stock had a trading volume of 53,628 shares. eGain Corp. has a one year low of $2.12 and a one year high of $5.00. The company’s market cap is $79.16 million. The firm’s 50 day moving average price is $3.05 and its 200-day moving average price is $3.13.

eGain Corp. (NASDAQ:EGAN) last announced its earnings results on Thursday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. The firm had revenue of $17.60 million for the quarter, compared to analyst estimates of $17.48 million. During the same period last year, the firm earned ($0.11) earnings per share. eGain Corp.’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that eGain Corp. will post ($0.20) earnings per share for the current fiscal year.

An institutional investor recently raised its position in eGain Corp. stock. Renaissance Technologies LLC raised its position in eGain Corp. (NASDAQ:EGAN) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,500 shares of the company’s stock after buying an additional 5,500 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of eGain Corp. worth $154,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

eGain Corp. Company Profile

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company optimizes service processes across the Web, social and phone channels.

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