eGain (NASDAQ:EGAN) Upgraded at StockNews.com

StockNews.com upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a report published on Wednesday.

Separately, Roth Mkm reiterated a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of eGain in a research note on Friday, February 14th.

eGain Stock Down 1.3 %

NASDAQ:EGAN opened at $4.64 on Wednesday. eGain has a twelve month low of $4.34 and a twelve month high of $7.62. The stock’s 50-day simple moving average is $5.08 and its 200 day simple moving average is $5.43. The firm has a market capitalization of $130.53 million, a PE ratio of 33.14 and a beta of 0.50.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, analysts anticipate that eGain will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On eGain

Several hedge funds have recently added to or reduced their stakes in EGAN. Wells Fargo & Company MN increased its position in eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after acquiring an additional 2,197 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of eGain in the fourth quarter worth $71,000. JPMorgan Chase & Co. increased its holdings in eGain by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,613 shares during the period. Linden Thomas Advisory Services LLC raised its position in eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its holdings in eGain by 23.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after buying an additional 2,771 shares during the period. 53.94% of the stock is currently owned by institutional investors and hedge funds.

eGain Company Profile

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 eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.