Other equities research analysts also recently issued reports about the company. Roth Capital set a $15.00 target price on eGain and gave the stock a “buy” rating in a report on Wednesday, September 4th. Craig Hallum set a $8.00 price objective on eGain and gave the company a “hold” rating in a research note on Wednesday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of eGain in a research note on Thursday, November 7th. Finally, Zacks Investment Research raised eGain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.75.
Shares of EGAN stock opened at $7.65 on Tuesday. The company has a market cap of $235.76 million, a P/E ratio of 47.81, a PEG ratio of 38.60 and a beta of 0.71. The stock has a 50 day simple moving average of $7.62 and a two-hundred day simple moving average of $7.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.33 and a current ratio of 1.31. eGain has a fifty-two week low of $5.40 and a fifty-two week high of $12.74.
eGain (NASDAQ:EGAN) last issued its earnings results on Tuesday, September 3rd. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $16.82 million during the quarter, compared to the consensus estimate of $16.46 million. eGain had a return on equity of 28.68% and a net margin of 6.96%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, research analysts predict that eGain will post 0.01 earnings per share for the current year.
In other eGain news, CFO Eric Smit sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.00, for a total value of $32,000.00. Following the completion of the sale, the chief financial officer now owns 137,187 shares of the company’s stock, valued at $1,097,496. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 11,000 shares of company stock valued at $86,780 in the last three months. Insiders own 35.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Cortina Asset Management LLC grew its stake in eGain by 78.1% in the second quarter. Cortina Asset Management LLC now owns 585,565 shares of the technology company’s stock valued at $4,766,000 after acquiring an additional 256,783 shares during the period. Vanguard Group Inc. boosted its position in shares of eGain by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,710,225 shares of the technology company’s stock valued at $13,921,000 after buying an additional 107,097 shares during the last quarter. PenderFund Capital Management Ltd. boosted its position in shares of eGain by 36.2% during the second quarter. PenderFund Capital Management Ltd. now owns 200,000 shares of the technology company’s stock valued at $154,000 after buying an additional 53,204 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of eGain during the second quarter valued at approximately $82,000. Finally, S Squared Technology LLC boosted its position in shares of eGain by 745.3% during the second quarter. S Squared Technology LLC now owns 126,801 shares of the technology company’s stock valued at $1,032,000 after buying an additional 111,801 shares during the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.
eGain Company Profile
eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.
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