eGain Corporation (NASDAQ:EGAN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised eGain from a "hold" rating to a "buy" rating in a research report on Saturday.
Get Our Latest Stock Report on EGAN
eGain Stock Down 6.7%
The company has a 50 day moving average of $5.88 and a 200 day moving average of $5.60. The firm has a market cap of $172.58 million, a price-to-earnings ratio of 70.11 and a beta of 0.41.
eGain (NASDAQ:EGAN - Get Free Report) last posted its earnings results on Wednesday, May 14th. The technology company reported $0.03 EPS 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 company had revenue of $21.01 million during the quarter, compared to analyst estimates of $21.24 million. As a group, equities research analysts expect that eGain Corporation will post 0.05 earnings per share for the current fiscal year.
Hedge Funds Weigh In On eGain
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock valued at $51,000 after acquiring an additional 2,197 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of eGain in the fourth quarter valued at $71,000. Jefferies Financial Group Inc. purchased a new stake in shares of eGain in the first quarter valued at $83,000. O Shaughnessy Asset Management LLC lifted 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. Finally, Bank of America Corp DE lifted its holdings in shares of eGain by 8.9% in the fourth quarter. Bank of America Corp DE now owns 30,886 shares of the technology company's stock valued at $192,000 after purchasing an additional 2,525 shares in the last quarter. 53.94% of the stock is owned by institutional investors.
eGain Company Profile
(
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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.
Further Reading
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