StockNews.com Downgrades eGain (NASDAQ:EGAN) to Buy

eGain (NASDAQ:EGAN) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities analysts also recently commented on the company. Craig Hallum upped their price objective on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Friday. Roth Mkm reissued a “buy” rating and set a $12.00 target price on shares of eGain in a report on Friday.

eGain Stock Down 9.9 %

eGain stock traded down $0.55 during trading on Monday, hitting $5.03. The stock had a trading volume of 221,614 shares, compared to its average volume of 89,584. eGain has a 1 year low of $5.02 and a 1 year high of $8.52. The stock’s 50 day moving average is $6.84 and its two-hundred day moving average is $6.44. The stock has a market cap of $150.04 million, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.64 and a beta of 0.45.

Institutional Investors Weigh In On eGain

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. increased its holdings in shares of eGain by 90.0% in the first quarter. Hillsdale Investment Management Inc. now owns 160,972 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 76,269 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after purchasing an additional 2,852 shares during the period. Vanguard Group Inc. increased its holdings in shares of eGain by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock worth $13,339,000 after purchasing an additional 10,179 shares during the period. GSA Capital Partners LLP increased its holdings in shares of eGain by 15.3% in the first quarter. GSA Capital Partners LLP now owns 83,764 shares of the technology company’s stock worth $540,000 after purchasing an additional 11,084 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of eGain by 31.3% in the second quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock worth $394,000 after purchasing an additional 14,893 shares during the period. Institutional investors own 53.94% of the company’s stock.

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.