eGain (NASDAQ:EGAN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

eGain Corporation (NASDAQ:EGAN) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.48 and traded as high as $10.15. eGain shares last traded at $9.61, with a volume of 471,860 shares traded.

Analyst Upgrades and Downgrades

EGAN has been the topic of several research reports. Roth Capital reissued a “buy” rating and set a $20.00 price target (up from $10.00) on shares of eGain in a research note on Thursday, November 13th. Zacks Research lowered shares of eGain from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen raised shares of eGain from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of eGain in a report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, eGain presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

eGain Trading Down 7.8%

The business has a fifty day moving average of $12.26 and a 200-day moving average of $8.48. The company has a market cap of $259.96 million, a PE ratio of 8.36 and a beta of 0.50.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $23.51 million for the quarter, compared to analyst estimates of $23.22 million. eGain had a return on equity of 5.41% and a net margin of 36.47%. eGain has set its Q2 2026 guidance at 0.070-0.080 EPS. FY 2026 guidance at 0.290-0.340 EPS. As a group, research analysts predict that eGain Corporation will post 0.05 EPS for the current year.

eGain declared that its Board of Directors has initiated a share buyback plan on Thursday, September 4th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 11.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Eric Smit sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the sale, the chief financial officer directly owned 129,187 shares of the company’s stock, valued at approximately $1,291,870. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 38.70% of the company’s stock.

Hedge Funds Weigh In On eGain

Several hedge funds and other institutional investors have recently modified their holdings of EGAN. NewEdge Advisors LLC purchased a new stake in eGain in the third quarter worth about $106,000. Millennium Management LLC purchased a new position in shares of eGain during the 3rd quarter worth approximately $328,000. Citadel Advisors LLC bought a new position in shares of eGain in the 3rd quarter worth approximately $130,000. BNP Paribas Financial Markets lifted its stake in shares of eGain by 29.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company’s stock valued at $55,000 after purchasing an additional 1,432 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of eGain in the 3rd quarter valued at approximately $340,000. Hedge funds and other institutional investors own 53.94% of the company’s stock.

About eGain

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.