BidaskClub cut shares of eGain (NASDAQ:EGAN) from a buy rating to a hold rating in a research report report published on Saturday morning, BidAskClub reports.

Several other analysts have also recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of eGain from $11.00 to $16.00 and gave the company a buy rating in a research note on Thursday, September 3rd. Zacks Investment Research raised shares of eGain from a hold rating to a buy rating and set a $15.00 price objective for the company in a research note on Thursday, September 10th. Oppenheimer upped their price objective on shares of eGain from $12.00 to $16.00 and gave the company an outperform rating in a research note on Thursday, September 3rd. Roth Capital upped their price objective on shares of eGain from $15.00 to $21.00 and gave the company a buy rating in a research note on Thursday, September 3rd. Finally, DA Davidson assumed coverage on shares of eGain in a report on Tuesday, September 8th. They issued a buy rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $15.43.

EGAN stock opened at $14.23 on Friday. The stock has a market capitalization of $435.97 million, a P/E ratio of 61.87, a P/E/G ratio of 7.19 and a beta of 0.80. The firm has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $9.55. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. eGain has a 52 week low of $4.80 and a 52 week high of $14.85.

eGain (NASDAQ:EGAN) last released its earnings results on Wednesday, September 2nd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. eGain had a net margin of 9.91% and a return on equity of 25.99%. On average, analysts expect that eGain will post 0.1 earnings per share for the current year.

In other news, Director Gunjan Sinha sold 3,450 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $14.01, for a total value of $48,334.50. Following the transaction, the director now directly owns 893,345 shares in the company, valued at approximately $12,515,763.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric Smit sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the completion of the transaction, the chief financial officer now owns 132,187 shares in the company, valued at $1,345,663.66. The disclosure for this sale can be found here. Insiders sold a total of 48,450 shares of company stock worth $601,435 over the last quarter. 35.20% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of EGAN. Citigroup Inc. increased its stake in eGain by 41.0% during the 1st quarter. Citigroup Inc. now owns 5,758 shares of the technology company’s stock worth $42,000 after buying an additional 1,674 shares during the period. Alliancebernstein L.P. increased its stake in eGain by 13.7% during the 1st quarter. Alliancebernstein L.P. now owns 15,800 shares of the technology company’s stock worth $116,000 after buying an additional 1,900 shares during the period. Charles Schwab Investment Management Inc. increased its stake in eGain by 4.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 52,953 shares of the technology company’s stock worth $589,000 after buying an additional 2,318 shares during the period. BNP Paribas Arbitrage SA increased its stake in eGain by 123.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,311 shares of the technology company’s stock worth $46,000 after buying an additional 3,481 shares during the period. Finally, Bank of America Corp DE increased its stake in eGain by 71.2% during the 2nd quarter. Bank of America Corp DE now owns 8,390 shares of the technology company’s stock worth $93,000 after buying an additional 3,488 shares during the period. Hedge funds and other institutional investors own 54.61% of the company’s stock.

eGain Company Profile

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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