eGain (NASDAQ:EGAN) Stock Rating Lowered by Wall Street Zen

Key Points

• eGain (NASDAQ:EGAN) has been downgraded from a "buy" to a "hold" rating by research analysts at Wall Street Zen.
• The company's stock is currently trading at $5.82, with a 12-month range from $4.34 to $7.62.
• eGain reported earnings of $0.03 per share for the last quarter, exceeding the consensus estimate of $0.01, with total revenue of $21.01 million.

eGain (NASDAQ:EGAN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

eGain Trading Down 5.8%

Shares of NASDAQ:EGAN opened at $5.82 on Friday. eGain has a 12-month low of $4.34 and a 12-month high of $7.62. The business's fifty day simple moving average is $6.24 and its 200-day simple moving average is $5.60. The company has a market capitalization of $159.18 million, a PE ratio of 64.67 and a beta of 0.45.

eGain (NASDAQ:EGAN - Get Free Report) last announced its 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 firm had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.24 million. Research analysts predict that eGain will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company's stock valued at $4,300,000 after purchasing an additional 1,820 shares during the last quarter. Wells Fargo & Company MN grew its stake in 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 purchasing an additional 2,197 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in eGain by 6.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company's stock valued at $207,000 after purchasing an additional 2,446 shares during the last quarter. Bank of America Corp DE grew its stake in eGain by 8.9% during the 4th 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 during the last quarter. Finally, Acadian Asset Management LLC grew its stake in eGain by 0.7% during 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 during the last quarter. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

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.

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