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.

Analysts Set New Price Targets

Several analysts recently issued reports on EGAN shares. Wall Street Zen upgraded shares of eGain from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Roth Mkm restated a "buy" rating and issued a $10.00 price objective (down from $12.00) on shares of eGain in a report on Friday, February 14th.

eGain Stock Performance

The firm has a market cap of $149.61 million, a price-to-earnings ratio of 39.07 and a beta of 0.43. The firm has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.43.

eGain (NASDAQ:EGAN - Get Free Report) last released its quarterly earnings results 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 company 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%. Research analysts anticipate that eGain Co. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings 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 increased 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 during the period. Wells Fargo & Company MN increased its holdings in shares of eGain by 36.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock valued at $51,000 after purchasing an additional 2,197 shares during the period. Seizert Capital Partners LLC increased its holdings in shares of eGain by 55.9% in the fourth quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company's stock valued at $370,000 after purchasing an additional 21,272 shares during the period. Finally, Legato Capital Management LLC increased its holdings in shares of eGain by 60.6% in the fourth quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company's stock valued at $184,000 after purchasing an additional 11,155 shares during the period. Institutional investors and hedge funds own 53.94% of the company's stock.

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.