eGain (NASDAQ:EGAN) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen lowered shares of eGain (NASDAQ:EGAN - Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

Separately, Roth Mkm reiterated a "buy" rating and set a $10.00 price objective (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Performance

Shares of eGain stock traded down $0.54 during trading on Friday, hitting $6.05. The company's stock had a trading volume of 57,450 shares, compared to its average volume of 71,931. The company has a market capitalization of $165.47 million, a PE ratio of 67.22 and a beta of 0.37. eGain has a 52 week low of $4.34 and a 52 week high of $7.62. The company has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.49.

eGain (NASDAQ:EGAN - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.30% and a return on equity of 5.24%. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.24 million. As a group, analysts predict that eGain will post 0.05 EPS for the current year.

Institutional Investors Weigh In On eGain

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its holdings in eGain by 0.7% in the 1st quarter. Acadian Asset Management LLC now owns 980,840 shares of the technology company's stock valued at $4,753,000 after purchasing an additional 6,429 shares in the last quarter. Dimensional Fund Advisors LP grew its position in eGain by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company's stock valued at $4,300,000 after acquiring an additional 1,820 shares in the last quarter. Bank of New York Mellon Corp grew its position in eGain by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 139,684 shares of the technology company's stock valued at $677,000 after acquiring an additional 10,486 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of eGain by 263.0% in the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company's stock valued at $565,000 after buying an additional 65,708 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in eGain by 382.4% during the fourth quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company's stock worth $465,000 after purchasing an additional 59,207 shares during the last quarter. Hedge funds and other institutional investors 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.