Shares of eGain Corporation (NASDAQ:EGAN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.53 and traded as high as $6.50. eGain shares last traded at $6.25, with a volume of 62,855 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded eGain from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.
Get Our Latest Analysis on eGain
eGain Stock Down 3.5%
The company has a market cap of $179.55 million, a price-to-earnings ratio of 72.94 and a beta of 0.41. The stock's 50-day simple moving average is $5.60 and its 200 day simple moving average is $5.54.
eGain (NASDAQ:EGAN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $21.01 million for the quarter, compared to analyst estimates of $21.24 million. eGain had a net margin of 3.30% and a return on equity of 5.24%. On average, sell-side analysts expect that eGain Corporation will post 0.05 EPS for the current fiscal year.
Hedge Funds Weigh In On eGain
Hedge funds have recently bought and sold shares of the company. Seizert Capital Partners LLC grew its position in eGain by 55.9% in the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company's stock valued at $370,000 after acquiring an additional 21,272 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of eGain by 382.4% in the fourth quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company's stock valued at $465,000 after purchasing an additional 59,207 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of eGain by 37.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company's stock valued at $168,000 after purchasing an additional 7,373 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in eGain during the 4th quarter worth approximately $236,000. Finally, Wells Fargo & Company MN increased its stake in eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock worth $51,000 after buying an additional 2,197 shares during the period. Institutional investors and hedge funds 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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