BidaskClub upgraded shares of eGain (NASDAQ:EGAN) from a sell rating to a hold rating in a report issued on Saturday morning, BidAskClub reports.

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.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. eGain had a net margin of 7.41% and a return on equity of 19.86%. The company had revenue of $18.35 million during the quarter, compared to the consensus estimate of $17.41 million. Sell-side analysts forecast that eGain will post 0.16 earnings per share for the current fiscal year.

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.

About eGain

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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Analyst Recommendations for eGain (NASDAQ:EGAN)

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