eGain (NASDAQ:EGAN) Shares Pass Above 200 Day Moving Average - Time to Sell?

eGain Co. (NASDAQ:EGAN - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.43 and traded as high as $5.85. eGain shares last traded at $5.53, with a volume of 50,441 shares changing hands.

Wall Street Analyst Weigh In

EGAN has been the topic of a number of recent analyst reports. Wall Street Zen raised eGain from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 target price (down from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Trading Down 2.3%

The firm has a market capitalization of $151.52 million, a price-to-earnings ratio of 39.57 and a beta of 0.43. The company has a 50-day moving average of $4.98 and a 200-day moving average of $5.43.

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 (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $21.01 million for the quarter, compared to analyst estimates of $21.24 million. eGain had a return on equity of 7.41% and a net margin of 4.86%. On average, research analysts forecast that eGain Co. will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On eGain

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised 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 in the last quarter. Occudo Quantitative Strategies LP bought a new position in eGain during the 4th quarter worth $71,000. Stoneridge Investment Partners LLC grew its stake in eGain by 23.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company's stock worth $90,000 after buying an additional 2,771 shares during the last quarter. JPMorgan Chase & Co. grew its stake in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company's stock worth $79,000 after buying an additional 1,613 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in eGain during the 1st quarter worth $83,000. 53.94% of the stock is owned by institutional investors and hedge funds.

eGain Company Profile

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.