eGain (NASDAQ:EGAN) Stock Rating Lowered by Oppenheimer


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eGain (NASDAQ:EGAN) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, The Fly reports.

Several other research analysts also recently issued reports on the company. BidaskClub downgraded eGain from a “buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Berenberg Bank initiated coverage on eGain in a report on Tuesday, October 20th. They issued a “buy” rating on the stock. Zacks Investment Research cut eGain from a “hold” rating to a “sell” rating in a report on Friday, November 13th. Finally, Needham & Company LLC cut their price target on eGain from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. eGain has an average rating of “Hold” and a consensus price target of $16.33.

Shares of NASDAQ EGAN opened at $11.85 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. The company has a market cap of $366.51 million, a price-to-earnings ratio of 47.40, a PEG ratio of 16.88 and a beta of 0.39. eGain has a 12 month low of $4.80 and a 12 month high of $20.88. The stock has a 50-day moving average price of $11.77 and a two-hundred day moving average price of $12.75.

eGain (NASDAQ:EGAN) last issued its earnings results on Tuesday, November 10th. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. eGain had a return on equity of 24.89% and a net margin of 10.77%. The firm had revenue of $19.06 million during the quarter, compared to the consensus estimate of $18.96 million. On average, sell-side analysts predict that eGain will post 0.05 earnings per share for the current year.

In other news, Director Phiroz P. Darukhanavala sold 25,500 shares of the firm’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $11.35, for a total transaction of $289,425.00. Following the completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $5,675. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 34.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of EGAN. Strs Ohio boosted its position in shares of eGain by 19.6% during the 3rd quarter. Strs Ohio now owns 39,100 shares of the technology company’s stock valued at $554,000 after acquiring an additional 6,400 shares during the last quarter. Sei Investments Co. boosted its position in shares of eGain by 61.9% during the 3rd quarter. Sei Investments Co. now owns 70,473 shares of the technology company’s stock valued at $999,000 after acquiring an additional 26,957 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of eGain by 110.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 34,081 shares of the technology company’s stock valued at $483,000 after acquiring an additional 17,909 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of eGain by 90.0% during the 3rd quarter. AQR Capital Management LLC now owns 72,069 shares of the technology company’s stock valued at $1,021,000 after acquiring an additional 34,146 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of eGain by 18.6% during the 3rd quarter. Squarepoint Ops LLC now owns 18,482 shares of the technology company’s stock valued at $262,000 after acquiring an additional 2,892 shares during the last quarter. Institutional investors own 53.08% of the company’s stock.

eGain Company Profile

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, omnichannel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

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