eGain Corporation (NASDAQ:EGAN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $4.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.29% from the company’s current price.

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. “

Separately, Craig Hallum upgraded eGain Corporation from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Monday, October 2nd.

eGain Corporation (NASDAQ:EGAN) traded down $0.02 during trading on Wednesday, hitting $3.50. The company’s stock had a trading volume of 40,815 shares, compared to its average volume of 76,466. eGain Corporation has a twelve month low of $1.30 and a twelve month high of $3.84. The company has a debt-to-equity ratio of -0.91, a current ratio of 0.61 and a quick ratio of 0.61.

eGain Corporation (NASDAQ:EGAN) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $14.58 million during the quarter, compared to the consensus estimate of $14.38 million. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) EPS. equities research analysts forecast that eGain Corporation will post -0.21 earnings per share for the current year.

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A hedge fund recently raised its stake in eGain Corporation stock. Renaissance Technologies LLC boosted its stake in shares of eGain Corporation (NASDAQ:EGAN) by 32.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,100 shares of the technology company’s stock after purchasing an additional 31,700 shares during the period. Renaissance Technologies LLC owned about 0.48% of eGain Corporation worth $187,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 48.28% of the company’s stock.

eGain Corporation Company Profile

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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