eGain (NASDAQ:EGAN) Rating Lowered to Hold at Zacks Investment Research

eGain (NASDAQ:EGAN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “

Other analysts also recently issued reports about the company. Roth Capital restated a “buy” rating on shares of eGain in a research note on Thursday, February 11th. Oppenheimer reissued a “hold” rating on shares of eGain in a report on Thursday, February 11th. Finally, Berenberg Bank lowered eGain from a “buy” rating to a “hold” rating in a report on Wednesday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.80.

EGAN traded down $0.05 during trading on Wednesday, hitting $9.73. The stock had a trading volume of 143,821 shares, compared to its average volume of 339,472. The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $12.50. The firm has a market cap of $302.17 million, a price-to-earnings ratio of 38.92, a P/E/G ratio of 15.80 and a beta of 0.37. eGain has a one year low of $7.35 and a one year high of $20.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.51 and a quick ratio of 1.51.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Tuesday, February 9th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The business had revenue of $19.23 million during the quarter, compared to the consensus estimate of $18.48 million. eGain had a return on equity of 24.89% and a net margin of 10.77%. As a group, sell-side analysts predict that eGain will post 0.05 EPS for the current fiscal year.

In other news, CFO Eric Smit sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $10.35, for a total value of $51,750.00. Following the transaction, the chief financial officer now owns 132,187 shares in the company, valued at $1,368,135.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.80% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. KBC Group NV bought a new stake in eGain during the fourth quarter worth $58,000. Citigroup Inc. raised its stake in shares of eGain by 516.1% in the fourth quarter. Citigroup Inc. now owns 6,167 shares of the technology company’s stock valued at $73,000 after buying an additional 5,166 shares during the period. Credit Suisse AG bought a new stake in shares of eGain in the 4th quarter valued at about $174,000. UBS Asset Management Americas Inc. bought a new stake in shares of eGain in the 4th quarter valued at about $217,000. Finally, Squarepoint Ops LLC lifted its stake in shares of eGain by 18.6% in the 3rd quarter. Squarepoint Ops LLC now owns 18,482 shares of the technology company’s stock valued at $262,000 after acquiring an additional 2,892 shares during the last quarter. Institutional investors own 50.42% 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, omnichannel 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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