BidaskClub Upgrades eGain (NASDAQ:EGAN) to “Hold”
A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of eGain from a buy rating to a hold rating in a research note on Monday, May 11th. Needham & Company LLC reissued a buy rating and set a $11.00 price objective on shares of eGain in a research note on Monday, April 13th. Finally, Zacks Investment Research cut shares of eGain from a buy rating to a hold rating in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $11.75.
EGAN stock opened at $10.57 on Friday. The firm has a 50 day moving average of $9.90 and a 200-day moving average of $8.42. eGain has a 12-month low of $4.80 and a 12-month high of $11.41. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The company has a market cap of $310.66 million, a price-to-earnings ratio of 62.18, a PEG ratio of 3.27 and a beta of 0.80.
Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in eGain by 876.8% in the 1st quarter. JPMorgan Chase & Co. now owns 744,875 shares of the technology company’s stock worth $5,459,000 after acquiring an additional 668,616 shares during the period. EAM Investors LLC purchased a new stake in eGain in the 1st quarter worth approximately $901,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in eGain in the 1st quarter worth approximately $196,000. Barclays PLC grew its stake in eGain by 96.1% in the 4th quarter. Barclays PLC now owns 20,374 shares of the technology company’s stock worth $161,000 after acquiring an additional 9,986 shares during the period. Finally, Citigroup Inc. grew its stake in eGain by 41.0% in the 1st quarter. Citigroup Inc. now owns 5,758 shares of the technology company’s stock worth $42,000 after acquiring an additional 1,674 shares during the period. 50.20% of the stock is owned by hedge funds and other institutional investors.
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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