eGain Corporation (NASDAQ:EGAN - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.60 and traded as high as $6.55. eGain shares last traded at $6.41, with a volume of 19,593 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded eGain from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th.
Get Our Latest Report on eGain
eGain Stock Performance
The company has a 50 day moving average of $6.23 and a two-hundred day moving average of $5.61. The stock has a market capitalization of $159.18 million, a PE ratio of 64.67 and a beta of 0.41.
eGain (NASDAQ:EGAN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. eGain had a return on equity of 5.24% and a net margin of 3.30%. The business had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.24 million. As a group, research analysts predict that eGain Corporation will post 0.05 EPS for the current fiscal year.
Institutional Trading of eGain
A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock worth $51,000 after purchasing an additional 2,197 shares during the period. Occudo Quantitative Strategies LP acquired a new position in eGain in the 4th quarter worth about $71,000. Jefferies Financial Group Inc. acquired a new position in eGain in the 1st quarter worth about $83,000. O Shaughnessy Asset Management LLC raised its holdings in eGain by 37.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company's stock worth $168,000 after purchasing an additional 7,373 shares during the period. Finally, Bank of America Corp DE raised its holdings in eGain by 8.9% in the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company's stock worth $192,000 after purchasing an additional 2,525 shares during the period. Hedge funds and other institutional investors own 53.94% of the company's stock.
About eGain
(
Get Free Report)
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.
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