eGain (NASDAQ:EGAN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of eGain (NASDAQ:EGAN - Free Report) from a hold rating to a buy rating in a research report report published on Friday.

Separately, Roth Mkm reiterated a "buy" rating and issued 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

NASDAQ EGAN traded up $0.20 on Friday, reaching $5.93. 64,797 shares of the company's stock traded hands, compared to its average volume of 73,208. The firm has a market cap of $162.19 million, a price-to-earnings ratio of 42.36 and a beta of 0.37. The stock has a 50 day moving average price of $5.09 and a 200-day moving average price of $5.45. eGain has a fifty-two week low of $4.34 and a fifty-two week high of $7.62.

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 during the quarter, compared to the consensus estimate of $21.24 million. eGain had a net margin of 4.86% and a return on equity of 7.41%. As a group, equities research analysts anticipate that eGain will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position 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 worth $465,000 after acquiring an additional 59,207 shares during the period. O Shaughnessy Asset Management LLC raised its position 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 worth $168,000 after acquiring an additional 7,373 shares during the period. Wells Fargo & Company MN raised its position 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 worth $51,000 after acquiring an additional 2,197 shares during the period. Mackenzie Financial Corp raised its position in shares of eGain by 263.0% in the fourth quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company's stock worth $565,000 after acquiring an additional 65,708 shares during the period. Finally, Seizert Capital Partners LLC raised its position 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 worth $370,000 after acquiring an additional 21,272 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.