eGain (NASDAQ:EGAN) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of eGain (NASDAQ:EGAN – Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.

eGain Trading Up 2.2%

Shares of NASDAQ EGAN opened at $6.45 on Friday. The company has a market cap of $176.41 million, a price-to-earnings ratio of 71.67 and a beta of 0.41. eGain has a 12-month low of $4.34 and a 12-month high of $7.62. The stock’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $5.60.

eGain (NASDAQ:EGAN – Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.24 million. eGain had a return on equity of 5.24% and a net margin of 3.30%. As a group, equities analysts forecast that eGain will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of eGain

Several hedge funds have recently made changes to their positions in EGAN. Wells Fargo & Company MN increased its position in eGain by 36.8% in the 4th 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. Occudo Quantitative Strategies LP acquired a new stake in eGain in the 4th quarter valued at approximately $71,000. Jefferies Financial Group Inc. acquired a new stake in eGain in the 1st quarter valued at approximately $83,000. O Shaughnessy Asset Management LLC increased its position in eGain by 37.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company’s stock valued at $168,000 after acquiring an additional 7,373 shares during the period. Finally, Bank of America Corp DE increased its position in eGain by 8.9% in the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after acquiring an additional 2,525 shares during the period. Institutional investors own 53.94% of the company’s stock.

About eGain

(Get Free Report)

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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