eGain (NASDAQ:EGAN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of eGain (NASDAQ:EGAN - Free Report) from a buy rating to a strong-buy rating in a report issued on Friday.

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

eGain Stock Up 2.7%

Shares of eGain stock traded up $0.14 on Friday, hitting $5.35. 37,783 shares of the company traded hands, compared to its average volume of 75,383. The company has a 50-day moving average price of $4.89 and a 200 day moving average price of $5.43. eGain has a 12-month low of $4.34 and a 12-month high of $7.62. The company has a market cap of $146.33 million, a PE ratio of 38.21 and a beta of 0.43.

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

Institutional Investors Weigh In On eGain

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in eGain by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company's stock worth $79,000 after purchasing an additional 1,613 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 1,820 shares during the period. Wells Fargo & Company MN boosted its holdings in eGain by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock valued at $51,000 after acquiring an additional 2,197 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in eGain by 20.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company's stock valued at $89,000 after acquiring an additional 2,442 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in eGain by 6.1% during the first quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company's stock valued at $207,000 after acquiring an additional 2,446 shares during the period. 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.