eGain (NASDAQ:EGAN) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other research analysts have also recently weighed in on EGAN. Zacks Investment Research upgraded shares of eGain from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a report on Tuesday, September 26th. Craig Hallum upgraded shares of eGain from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Monday, October 2nd.

Shares of eGain (EGAN) remained flat at $$3.55 during mid-day trading on Friday. 393,031 shares of the company traded hands, compared to its average volume of 84,895. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -0.91. eGain has a twelve month low of $1.30 and a twelve month high of $3.85.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $14.58 million during the quarter, compared to analyst estimates of $14.38 million. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. research analysts expect that eGain will post -0.16 EPS for the current fiscal year.

An institutional investor recently raised its position in eGain stock. Renaissance Technologies LLC lifted its stake in shares of eGain Corp (NASDAQ:EGAN) by 32.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,100 shares of the technology company’s stock after buying an additional 31,700 shares during the quarter. Renaissance Technologies LLC owned about 0.48% of eGain worth $187,000 at the end of the most recent reporting period. 51.31% of the stock is currently owned by hedge funds and other institutional investors.

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About eGain

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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