B. Riley Financial Cuts eGain (NASDAQ:EGAN) Price Target to $6.00

eGain (NASDAQ:EGANFree Report) had its target price decreased by B. Riley Financial from $10.50 to $6.00 in a report published on Tuesday,Benzinga reports. B. Riley Financial currently has a neutral rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded eGain from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. B Riley restated a “neutral” rating on shares of eGain in a report on Tuesday. Roth Capital lowered eGain from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.00 to $7.00 in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of eGain in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, eGain has an average rating of “Hold” and a consensus price target of $6.50.

Check Out Our Latest Stock Analysis on EGAN

eGain Price Performance

EGAN opened at $5.14 on Tuesday. eGain has a 12 month low of $5.02 and a 12 month high of $15.95. The business has a 50-day moving average of $6.81 and a two-hundred day moving average of $7.43. The stock has a market capitalization of $141.09 million, a price-to-earnings ratio of 16.06 and a beta of 0.83.

eGain (NASDAQ:EGANGet Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. eGain had a net margin of 9.74% and a return on equity of 11.63%. The business had revenue of $22.15 million for the quarter, compared to analyst estimates of $21.75 million. eGain has set its FY 2027 guidance at 0.040-0.070 EPS and its Q1 2027 guidance at 0.050-0.080 EPS. Equities research analysts anticipate that eGain will post -0.08 earnings per share for the current year.

Institutional Trading of eGain

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in eGain by 53.7% in the 1st quarter. Jane Street Group LLC now owns 47,726 shares of the technology company’s stock valued at $231,000 after purchasing an additional 16,678 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of eGain by 3.4% during the second quarter. Geode Capital Management LLC now owns 449,899 shares of the technology company’s stock worth $2,812,000 after purchasing an additional 14,978 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of eGain by 29.3% in the third quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company’s stock worth $55,000 after buying an additional 1,432 shares during the period. Citadel Advisors LLC purchased a new stake in shares of eGain in the third quarter worth about $130,000. Finally, Millennium Management LLC acquired a new stake in shares of eGain in the third quarter valued at about $328,000. 53.94% of the stock is owned by hedge funds and other institutional investors.

eGain Company Profile

(Get Free Report)

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.

Further Reading

Analyst Recommendations for eGain (NASDAQ:EGAN)

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