eGain (NASDAQ:EGAN) Downgraded to “D+” at TheStreet

TheStreet downgraded shares of eGain (NASDAQ:EGANGet Rating) from a c rating to a d+ rating in a report issued on Wednesday morning, TheStreetRatingsTable reports.

Several other equities research analysts have also recently weighed in on the stock. Craig Hallum lowered their price target on shares of eGain from $18.00 to $14.00 and set a buy rating for the company in a research report on Friday, September 9th. StockNews.com raised shares of eGain from a buy rating to a strong-buy rating in a research report on Thursday.

eGain Stock Performance

Shares of EGAN opened at $7.48 on Wednesday. The company has a 50 day moving average price of $9.00 and a 200-day moving average price of $9.87. eGain has a fifty-two week low of $7.36 and a fifty-two week high of $13.70. The stock has a market capitalization of $238.84 million, a PE ratio of -93.50 and a beta of 0.31.

Institutional Trading of eGain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in eGain during the first quarter valued at $34,000. BNP Paribas Arbitrage SA lifted its stake in shares of eGain by 81.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,813 shares of the technology company’s stock worth $47,000 after buying an additional 2,154 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in eGain during the first quarter worth about $67,000. Lazard Asset Management LLC raised its stake in eGain by 17.9% during the first quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company’s stock worth $89,000 after purchasing an additional 1,168 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in eGain during the first quarter worth about $132,000. Institutional investors and hedge funds own 55.42% of the company’s stock.

About eGain

(Get Rating)

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides unified Knowledge Hub solutions to automate, augment, and orchestrate customer engagement. The company also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting and implementation, training, and managed services.

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