Shares of eGain Corp (NASDAQ:EGAN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.19 and traded as high as $6.94. eGain shares last traded at $6.90, with a volume of 80,292 shares traded.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded eGain from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered eGain from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. BidaskClub upgraded eGain from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Craig Hallum lowered eGain from a “buy” rating to a “hold” rating and reduced their target price for the stock from $12.00 to $10.00 in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. eGain has a consensus rating of “Buy” and a consensus price target of $9.50.

The stock has a 50 day simple moving average of $7.65 and a two-hundred day simple moving average of $9.19. The firm has a market cap of $214.35 million, a PE ratio of 47.13, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63.

In other eGain news, SVP Promod Narang sold 22,650 shares of eGain stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $8.03, for a total transaction of $181,879.50. Following the completion of the transaction, the senior vice president now owns 320,118 shares in the company, valued at approximately $2,570,547.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 29,650 shares of company stock valued at $238,070 in the last quarter. Company insiders own 38.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perkins Capital Management Inc. purchased a new position in shares of eGain during the 1st quarter valued at about $235,000. Two Sigma Advisers LP raised its stake in shares of eGain by 12.1% during the 4th quarter. Two Sigma Advisers LP now owns 58,200 shares of the technology company’s stock valued at $382,000 after buying an additional 6,300 shares during the last quarter. Cortina Asset Management LLC raised its stake in shares of eGain by 78.1% during the 2nd quarter. Cortina Asset Management LLC now owns 585,565 shares of the technology company’s stock valued at $4,766,000 after buying an additional 256,783 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of eGain by 15.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 546,940 shares of the technology company’s stock valued at $3,593,000 after buying an additional 72,341 shares during the last quarter. Finally, PenderFund Capital Management Ltd. raised its stake in shares of eGain by 36.2% during the 2nd 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. Institutional investors and hedge funds own 79.68% of the company’s stock.

About eGain (NASDAQ:EGAN)

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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