Wall Street Zen Upgrades eGain (NASDAQ:EGAN) to "Buy"

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 Saturday.

eGain Stock Performance

eGain stock remained flat at $6.45 during mid-day trading on Friday. 45,509 shares of the company's stock were exchanged, compared to its average volume of 69,875. eGain has a 1 year low of $4.34 and a 1 year high of $7.62. The firm has a market cap of $176.41 million, a P/E ratio of 71.94 and a beta of 0.41. The company has a fifty day moving average of $5.88 and a two-hundred day moving average of $5.60.

eGain (NASDAQ:EGAN - Get Free Report) last issued 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 business had revenue of $21.01 million during the quarter, compared to the consensus estimate of $21.24 million. Sell-side analysts predict that eGain will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of eGain

A number of large investors have recently made changes to their positions in the stock. Kanen Wealth Management LLC lifted its holdings in shares of eGain by 0.6% in the second quarter. Kanen Wealth Management LLC now owns 2,672,710 shares of the technology company's stock worth $16,704,000 after buying an additional 16,290 shares in the last quarter. Acadian Asset Management LLC raised its stake in eGain by 0.7% during the first 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 raised its stake in eGain by 0.3% during the fourth 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 in the last quarter. Bank of New York Mellon Corp raised its stake in eGain by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 139,684 shares of the technology company's stock valued at $677,000 after purchasing an additional 10,486 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in eGain by 263.0% during the fourth quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company's stock valued at $565,000 after purchasing an additional 65,708 shares in the last quarter. 53.94% of the stock is currently owned by institutional investors.

About eGain

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.