Chicago Equity Partners LLC Acquires Shares of 52,165 eGain Corp (EGAN)

Chicago Equity Partners LLC acquired a new position in shares of eGain Corp (NASDAQ:EGAN) during the 3rd quarter, Holdings Channel reports. The fund acquired 52,165 shares of the technology company’s stock, valued at approximately $423,000.

Several other large investors also recently bought and sold shares of the company. Ausdal Financial Partners Inc. bought a new stake in eGain in the second quarter valued at about $156,000. Cubist Systematic Strategies LLC bought a new stake in eGain in the second quarter valued at about $162,000. Ramsey Quantitative Systems increased its stake in eGain by 216.3% in the second quarter. Ramsey Quantitative Systems now owns 12,012 shares of the technology company’s stock valued at $181,000 after acquiring an additional 8,214 shares during the period. GWM Advisors LLC bought a new stake in eGain in the second quarter valued at about $248,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in eGain in the second quarter valued at about $254,000. Institutional investors own 71.09% of the company’s stock.

NASDAQ EGAN opened at $7.76 on Friday. The stock has a market capitalization of $216.28 million, a P/E ratio of 258.67 and a beta of -0.05. eGain Corp has a twelve month low of $3.29 and a twelve month high of $19.05.



eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, September 6th. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The business had revenue of $15.59 million for the quarter, compared to analysts’ expectations of $15.81 million. eGain had a negative net margin of 1.31% and a negative return on equity of 11.80%. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that eGain Corp will post 0.01 EPS for the current year.

A number of research firms recently weighed in on EGAN. Zacks Investment Research raised shares of eGain from a “hold” rating to a “strong-buy” rating and set a $9.25 target price on the stock in a research note on Friday. BidaskClub cut shares of eGain from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 6th. Finally, ValuEngine cut shares of eGain from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.31.

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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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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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