Shares of eGain Corporation (NASDAQ:EGAN - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.58 and traded as high as $6.98. eGain shares last traded at $6.92, with a volume of 63,443 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded eGain from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th.
Read Our Latest Research Report on EGAN
eGain Stock Performance
The firm has a market capitalization of $182.70 million, a price-to-earnings ratio of 74.17 and a beta of 0.41. The business has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $5.59.
eGain (NASDAQ:EGAN - Get Free Report) last issued its earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $21.24 million. Equities analysts predict that eGain Corporation will post 0.05 earnings per share for the current fiscal year.
Institutional Trading of eGain
Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of eGain during the 1st quarter worth about $250,000. Acadian Asset Management LLC increased its position in shares of eGain by 0.7% during the 1st quarter. Acadian Asset Management LLC now owns 980,840 shares of the technology company's stock worth $4,753,000 after purchasing an additional 6,429 shares during the last quarter. Jane Street Group LLC increased its position in shares of eGain by 53.7% during the 1st quarter. Jane Street Group LLC now owns 47,726 shares of the technology company's stock worth $231,000 after purchasing an additional 16,678 shares during the last quarter. Nuveen LLC acquired a new stake in shares of eGain during the 1st quarter worth about $296,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of eGain during the 1st quarter worth about $83,000. 53.94% of the stock is owned by institutional investors and hedge funds.
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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