eGain (NASDAQ:EGAN) Stock Rating Reaffirmed by Roth Mkm

eGain (NASDAQ:EGAN)‘s stock had its “buy” rating reiterated by investment analysts at Roth Mkm in a research note issued on Friday, Benzinga reports. They presently have a $12.00 target price on the technology company’s stock. Roth Mkm’s price objective points to a potential upside of 105.48% from the stock’s previous close.

Separately, Craig Hallum upped their target price on shares of eGain from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Friday.

eGain Trading Down 10.0 %

Shares of EGAN traded down $0.65 during mid-day trading on Friday, reaching $5.84. The company’s stock had a trading volume of 30,816 shares, compared to its average volume of 88,420. The stock has a market cap of $174.19 million, a PE ratio of 20.86, a P/E/G ratio of 2.11 and a beta of 0.47. eGain has a 52 week low of $5.50 and a 52 week high of $8.52. The company’s fifty day moving average price is $6.87 and its two-hundred day moving average price is $6.44.

Institutional Investors Weigh In On eGain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in eGain during the 4th quarter valued at approximately $706,000. Acadian Asset Management LLC grew its holdings in eGain by 8.6% during the 2nd quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after buying an additional 78,051 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in eGain during the 4th quarter valued at approximately $286,000. Renaissance Technologies LLC grew its holdings in eGain by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after buying an additional 20,600 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in eGain by 100.5% during the 4th quarter. BNP Paribas Financial Markets now owns 40,525 shares of the technology company’s stock valued at $338,000 after buying an additional 20,315 shares in the last quarter. 53.94% of the stock is owned by hedge funds and other institutional investors.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.