eGain (NASDAQ:EGAN) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of eGain (NASDAQ:EGAN – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a strong-buy rating on the technology company’s stock.

EGAN has been the topic of several other reports. Roth Capital reissued a buy rating on shares of eGain in a research report on Tuesday, February 14th. TheStreet raised eGain from a d+ rating to a c- rating in a research report on Friday, November 25th. Finally, Craig Hallum lowered eGain from a buy rating to a hold rating in a research report on Monday, February 13th.

eGain Price Performance

Shares of eGain stock opened at $7.49 on Thursday. The stock’s fifty day moving average is $8.79 and its 200-day moving average is $8.43. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.03. eGain has a 12-month low of $7.02 and a 12-month high of $12.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EGAN. UBS Group AG grew its stake in eGain by 503.9% in the fourth quarter. UBS Group AG now owns 4,698 shares of the technology company’s stock valued at $42,000 after purchasing an additional 3,920 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in eGain by 81.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,813 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,154 shares in the last quarter. Prelude Capital Management LLC purchased a new position in eGain in the third quarter valued at about $75,000. Lazard Asset Management LLC grew its stake in eGain by 17.9% in the first quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in eGain by 1,354.1% in the third quarter. Tower Research Capital LLC TRC now owns 12,796 shares of the technology company’s stock valued at $94,000 after purchasing an additional 11,916 shares in the last quarter. Hedge funds and other institutional investors own 62.05% of the company’s stock.

About eGain

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eGain Corp. engages in the development, licensing, implementation, and support of customer service infrastructure software solutions. Its solutions include financial services, insurance, retail, travel and hospitality, ecommerce, helpdesks, and marketing. The company was founded by Ashutosh Roy in September 1997 and is headquartered in Sunnyvale, CA.