eGain (NASDAQ:EGAN) Downgraded by StockNews.com to “Buy”

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

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

eGain Price Performance

Shares of EGAN stock opened at $4.83 on Friday. The firm has a market cap of $135.87 million, a PE ratio of 34.50 and a beta of 0.54. The company has a 50-day moving average of $5.64 and a two-hundred day moving average of $5.49. eGain has a 1-year low of $4.68 and a 1-year high of $7.62.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. Sell-side analysts anticipate that eGain will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EGAN. Mackenzie Financial Corp lifted its stake in eGain by 263.0% in the fourth quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock worth $565,000 after acquiring an additional 65,708 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in eGain in the fourth quarter worth approximately $71,000. Bank of America Corp DE lifted its stake in eGain by 8.9% in the fourth quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock worth $192,000 after acquiring an additional 2,525 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in eGain by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock worth $4,300,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in eGain by 36.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock worth $51,000 after acquiring an additional 2,197 shares during the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

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.