Wall Street analysts predict that eGain Corp (NASDAQ:EGAN) will announce $14.93 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for eGain’s earnings. The lowest sales estimate is $14.82 million and the highest is $15.03 million. eGain posted sales of $13.85 million in the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The business is expected to report its next earnings report on Wednesday, May 9th.

On average, analysts expect that eGain will report full-year sales of $14.93 million for the current fiscal year, with estimates ranging from $59.27 million to $59.35 million. For the next fiscal year, analysts anticipate that the firm will report sales of $63.84 million per share, with estimates ranging from $63.75 million to $63.93 million. Zacks’ sales averages are an average based on a survey of analysts that follow eGain.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $15.40 million for the quarter, compared to the consensus estimate of $14.74 million. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share.

Several equities analysts have recently commented on EGAN shares. Roth Capital started coverage on shares of eGain in a research note on Wednesday, January 17th. They set a “buy” rating and a $8.00 price objective for the company. Zacks Investment Research downgraded shares of eGain from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. ValuEngine downgraded shares of eGain from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Benchmark raised shares of eGain from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Friday. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of eGain in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.00.

In other news, CFO Eric Smit sold 7,500 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $5.22, for a total transaction of $39,150.00. Following the completion of the transaction, the chief financial officer now directly owns 270,365 shares of the company’s stock, valued at $1,411,305.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 27,500 shares of company stock valued at $140,925. Insiders own 39.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. bought a new position in eGain in the fourth quarter worth about $121,000. Acadian Asset Management LLC raised its stake in eGain by 1,584.3% in the fourth quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock worth $187,000 after buying an additional 33,556 shares in the last quarter. PenderFund Capital Management Ltd. bought a new position in eGain in the fourth quarter worth about $223,000. Virtu Financial LLC raised its stake in eGain by 87.1% in the fourth quarter. Virtu Financial LLC now owns 52,773 shares of the technology company’s stock worth $277,000 after buying an additional 24,574 shares in the last quarter. Finally, Royce & Associates LP bought a new position in eGain in the fourth quarter worth about $500,000. 51.39% of the stock is owned by institutional investors.

eGain (EGAN) opened at $5.60 on Friday. The company has a market cap of $141.74, a PE ratio of -40.00 and a beta of 0.05. The company has a debt-to-equity ratio of -0.91, a quick ratio of 0.61 and a current ratio of 0.61. eGain has a one year low of $1.30 and a one year high of $6.50.

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About eGain

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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