ValuEngine Upgrades eGain (EGAN) to “Hold”

eGain (NASDAQ:EGAN) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research firms have also weighed in on EGAN. Zacks Investment Research lowered shares of eGain from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Roth Capital assumed coverage on shares of eGain in a research note on Wednesday, January 17th. They issued a “buy” rating and a $8.00 price objective on the stock. Benchmark raised shares of eGain from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Friday. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of eGain in a research note on Monday, December 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $6.00.

eGain (NASDAQ:EGAN) traded up $0.80 during trading on Tuesday, hitting $6.70. 415,496 shares of the company’s stock were exchanged, compared to its average volume of 184,043. eGain has a 12-month low of $1.30 and a 12-month high of $6.82. The company has a market capitalization of $171.57, a price-to-earnings ratio of -47.86 and a beta of 0.05. 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 (NASDAQ:EGAN) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $15.40 million during the quarter, compared to the consensus estimate of $14.74 million. During the same period last year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. sell-side analysts forecast that eGain will post -0.13 earnings per share for the current fiscal year.

In related news, CFO Eric Smit sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $5.47, for a total transaction of $41,025.00. Following the transaction, the chief financial officer now directly owns 259,262 shares of the company’s stock, valued at $1,418,163.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 27,500 shares of company stock worth $140,925 over the last three months. 39.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. bought a new position in shares of eGain during the fourth quarter valued at about $121,000. Virtu Financial LLC increased its holdings in eGain by 87.1% during the fourth quarter. Virtu Financial LLC now owns 52,773 shares of the technology company’s stock worth $277,000 after buying an additional 24,574 shares during the last quarter. Acadian Asset Management LLC increased its holdings in eGain by 1,584.3% during the fourth quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock worth $187,000 after buying an additional 33,556 shares during the last quarter. Geode Capital Management LLC increased its holdings in eGain by 53.7% during the fourth quarter. Geode Capital Management LLC now owns 111,151 shares of the technology company’s stock worth $582,000 after buying an additional 38,842 shares during the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new stake in eGain during the fourth quarter worth about $223,000. 51.51% of the stock is currently owned by institutional investors.

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eGain 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.

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

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