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

EGAN has been the subject of several other research reports. Benchmark Co. cut their price target on eGain Corp. from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Friday, September 9th. Ladenburg Thalmann upgraded eGain Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, September 9th.

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eGain Corp. (NASDAQ:EGAN) traded down 3.95% during mid-day trading on Wednesday, hitting $2.92. The company had a trading volume of 53,628 shares. eGain Corp. has a 12 month low of $2.12 and a 12 month high of $5.00. The firm’s market capitalization is $79.16 million. The company has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.13.

eGain Corp. (NASDAQ:EGAN) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The business earned $17.60 million during the quarter, compared to analysts’ expectations of $17.48 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. eGain Corp.’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts forecast that eGain Corp. will post ($0.20) EPS for the current fiscal year.

A hedge fund recently raised its stake in eGain Corp. stock. Renaissance Technologies LLC boosted its stake in eGain Corp. (NASDAQ:EGAN) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,500 shares of the company’s stock after buying an additional 5,500 shares during the period. Renaissance Technologies LLC owned about 0.16% of eGain Corp. worth $154,000 as of its most recent filing with the SEC. 55.37% of the stock is owned by institutional investors and hedge funds.

About eGain Corp.

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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