eGain (NASDAQ:EGAN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

eGain Corporation (NASDAQ:EGAN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.02 and traded as high as $11.00. eGain shares last traded at $10.72, with a volume of 274,400 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EGAN shares. Weiss Ratings restated a “hold (c+)” rating on shares of eGain in a research report on Tuesday, October 14th. Zacks Research lowered shares of eGain from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Roth Capital restated a “buy” rating and issued a $20.00 price objective (up previously from $10.00) on shares of eGain in a research report on Thursday, November 13th. Finally, Wall Street Zen upgraded eGain from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. 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 has an average rating of “Moderate Buy” and an average price target of $15.00.

eGain Price Performance

The stock’s 50 day moving average is $12.12 and its two-hundred day moving average is $9.02. The firm has a market capitalization of $289.98 million, a P/E ratio of 8.72 and a beta of 0.81.

eGain (NASDAQ:EGAN) last released its earnings results on Wednesday, November 12th. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $23.51 million during the quarter, compared to analyst estimates of $23.22 million. eGain had a net margin of 38.19% and a return on equity of 10.05%. eGain has set its Q2 2026 guidance at 0.070-0.080 EPS and its FY 2026 guidance at 0.290-0.340 EPS. As a group, equities research analysts expect that eGain Corporation will post 0.05 EPS for the current year.

eGain announced that its board has approved a share repurchase plan on Thursday, September 4th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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

Institutional Trading of eGain

A number of hedge funds have recently modified their holdings of the company. Nuveen LLC acquired a new position in eGain during the first quarter valued at approximately $296,000. Jane Street Group LLC boosted its position in shares of eGain by 53.7% during the first quarter. Jane Street Group LLC now owns 47,726 shares of the technology company’s stock worth $231,000 after purchasing an additional 16,678 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of eGain by 0.7% in the 1st quarter. Acadian Asset Management LLC now owns 980,840 shares of the technology company’s stock valued at $4,753,000 after buying an additional 6,429 shares during the period. Strs Ohio bought a new stake in shares of eGain in the 1st quarter valued at $250,000. Finally, Kanen Wealth Management LLC increased its position in shares of eGain by 0.6% in the 2nd quarter. Kanen Wealth Management LLC now owns 2,672,710 shares of the technology company’s stock valued at $16,704,000 after buying an additional 16,290 shares in the last quarter. 53.94% of the stock is currently owned by institutional investors and hedge funds.

eGain Company Profile

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.