Gladius Capital Management LP Makes New Investment in eGain Co. (NASDAQ:EGAN)

Gladius Capital Management LP acquired a new stake in shares of eGain Co. (NASDAQ:EGAN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,562 shares of the technology company’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in eGain by 7.0% during the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after buying an additional 2,852 shares during the period. Vanguard Group Inc. raised its position in shares of eGain by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock worth $13,339,000 after purchasing an additional 10,179 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of eGain by 90.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 160,972 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 76,269 shares in the last quarter. Assenagon Asset Management S.A. grew its position in eGain by 31.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock valued at $394,000 after purchasing an additional 14,893 shares during the period. Finally, Acadian Asset Management LLC grew its position in eGain by 8.6% in the 2nd quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after purchasing an additional 78,051 shares during the period. Institutional investors own 53.94% of the company’s stock.

eGain Price Performance

EGAN opened at $5.24 on Friday. eGain Co. has a 1 year low of $4.71 and a 1 year high of $8.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.79 and a quick ratio of 1.71. The company has a market capitalization of $149.44 million, a price-to-earnings ratio of 27.58 and a beta of 0.44. The firm’s fifty day moving average price is $5.09 and its two-hundred day moving average price is $6.04.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.07. The business had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $21.37 million. eGain had a net margin of 6.45% and a return on equity of 9.53%. As a group, analysts anticipate that eGain Co. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on EGAN shares. Roth Mkm reaffirmed a “buy” rating and issued a $12.00 price objective on shares of eGain in a research note on Friday, September 6th. StockNews.com cut shares of eGain from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum boosted their price objective on eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Friday, September 6th.

eGain 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.