eGain Corp (NASDAQ:EGAN) has been assigned an average rating of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.31.
Several analysts have commented on EGAN shares. BidaskClub upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research raised shares of eGain from a “hold” rating to a “strong-buy” rating and set a $9.25 price target for the company in a report on Friday, November 16th.
Several hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP grew its holdings in shares of eGain by 33.4% in the 2nd quarter. Engineers Gate Manager LP now owns 25,528 shares of the technology company’s stock valued at $385,000 after buying an additional 6,390 shares during the period. Ausdal Financial Partners Inc. acquired a new position in shares of eGain in the 2nd quarter valued at $156,000. Cubist Systematic Strategies LLC acquired a new position in shares of eGain in the 2nd quarter valued at $162,000. Spark Investment Management LLC grew its holdings in shares of eGain by 16.5% in the 2nd quarter. Spark Investment Management LLC now owns 98,800 shares of the technology company’s stock valued at $1,491,000 after buying an additional 14,000 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of eGain in the 2nd quarter valued at $254,000. 75.07% of the stock is owned by institutional investors.
Shares of eGain stock opened at $6.99 on Friday. The firm has a market cap of $193.70 million, a price-to-earnings ratio of 231.67, a price-to-earnings-growth ratio of 23.17 and a beta of -0.05. eGain has a 52 week low of $4.25 and a 52 week high of $19.05.
eGain (NASDAQ:EGAN) last issued its earnings results on Thursday, November 8th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $15.70 million during the quarter, compared to analysts’ expectations of $15.71 million. eGain had a negative net margin of 1.31% and a negative return on equity of 11.80%. On average, equities research analysts forecast that eGain will post 0.01 earnings per share for the current fiscal year.
eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
Receive News & Ratings for eGain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eGain and related companies with MarketBeat.com's FREE daily email newsletter.