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

eGain (NASDAQ:EGAN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

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

eGain Price Performance

Shares of NASDAQ:EGAN traded down $0.15 during trading on Friday, reaching $5.73. 62,759 shares of the company's stock traded hands, compared to its average volume of 73,544. eGain has a 12 month low of $4.34 and a 12 month high of $7.62. The company has a 50 day moving average of $5.07 and a 200-day moving average of $5.44. The stock has a market capitalization of $156.72 million, a P/E ratio of 40.93 and a beta of 0.37.

eGain (NASDAQ:EGAN - Get Free Report) last posted its earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The company had revenue of $21.01 million for the quarter, compared to analysts' expectations of $21.24 million. eGain had a return on equity of 7.41% and a net margin of 4.86%. Equities research analysts predict that eGain will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On eGain

Hedge funds have recently added to or reduced their stakes in the stock. Stoneridge Investment Partners LLC increased its holdings in shares of eGain by 23.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company's stock valued at $90,000 after purchasing an additional 2,771 shares during the period. Legato Capital Management LLC increased its holdings in shares of eGain by 60.6% during 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. Seizert Capital Partners LLC increased its holdings in shares of eGain by 55.9% during 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. JPMorgan Chase & Co. increased its holdings in shares of eGain by 382.4% during 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. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of eGain by 37.5% during 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. 53.94% of the stock is currently owned by 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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