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eGain (NASDAQ:EGAN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

eGain logo with Computer and Technology background

Shares of eGain Corporation (NASDAQ:EGAN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.61 and traded as high as $6.59. eGain shares last traded at $6.52, with a volume of 20,058 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded eGain from a "hold" rating to a "buy" rating in a report on Saturday, July 12th.

Get Our Latest Stock Analysis on EGAN

eGain Price Performance

The company has a market capitalization of $175.21 million, a PE ratio of 71.56 and a beta of 0.41. The firm's 50 day moving average is $6.12 and its 200 day moving average is $5.62.

eGain (NASDAQ:EGAN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $21.24 million. As a group, analysts predict that eGain Corporation will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in eGain by 6.1% in the first quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company's stock valued at $207,000 after acquiring an additional 2,446 shares during the period. Bank of America Corp DE lifted its holdings in 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 acquiring an additional 2,525 shares during the period. JPMorgan Chase & Co. lifted its holdings in 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 acquiring an additional 59,207 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in 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 acquiring an additional 7,373 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in 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 acquiring an additional 2,197 shares during the period. 53.94% of the stock is owned by institutional investors.

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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