eGain Corporation (NASDAQ:EGAN) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on eGain, with all five covering analysts recommending hold and an average 12-month price target of $8.75.
• eGain shares fell to $5.32, near their 52-week low of $5.27, and remain below their 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $0.08 in earnings per share versus the $0.03 consensus and revenue of $22.15 million versus estimates of $21.75 million; institutional investors own 53.94% of the stock.

Shares of eGain Corporation (NASDAQ:EGAN - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.75.

A number of analysts have recently weighed in on EGAN shares. B Riley restated a "neutral" rating on shares of eGain in a report on Tuesday. Wall Street Zen downgraded eGain from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Roth Capital lowered eGain from a "buy" rating to a "neutral" rating and set a $7.00 price objective for the company. in a research note on Tuesday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of eGain in a research report on Friday, August 7th.

eGain Price Performance

Shares of eGain stock traded down $0.52 during trading on Tuesday, reaching $5.32. 352,792 shares of the stock traded hands, compared to its average volume of 214,284. eGain has a 52-week low of $5.27 and a 52-week high of $15.95. The business has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $7.52. The company has a market capitalization of $146.06 million, a price-to-earnings ratio of 16.69 and a beta of 0.83.

eGain (NASDAQ:EGAN - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. eGain had a return on equity of 11.63% and a net margin of 9.74%.The company had revenue of $22.15 million during the quarter, compared to analyst estimates of $21.75 million. eGain has set its FY 2027 guidance at 0.040-0.070 EPS and its Q1 2027 guidance at 0.050-0.080 EPS. On average, research analysts predict that eGain will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On eGain

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of eGain by 32.9% during the 1st quarter. Renaissance Technologies LLC now owns 838,425 shares of the technology company's stock worth $6,615,000 after purchasing an additional 207,606 shares during the period. Dimensional Fund Advisors LP raised its position in eGain by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 665,978 shares of the technology company's stock worth $5,255,000 after purchasing an additional 11,246 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in eGain by 11.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 468,940 shares of the technology company's stock worth $3,700,000 after purchasing an additional 46,467 shares during the last quarter. Geode Capital Management LLC lifted its stake in eGain by 3.4% in the second quarter. Geode Capital Management LLC now owns 449,899 shares of the technology company's stock worth $2,812,000 after purchasing an additional 14,978 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of eGain by 2,079.4% during the fourth quarter. UBS Group AG now owns 438,225 shares of the technology company's stock valued at $4,509,000 after buying an additional 418,117 shares during the period. Hedge funds and other institutional investors own 53.94% of the company's stock.

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.

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