eGain (NASDAQ:EGAN) Stock Rating Upgraded by StockNews.com

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

Separately, Roth Mkm reissued a “buy” rating and set a $10.00 target price (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Performance

Shares of NASDAQ EGAN opened at $4.76 on Friday. eGain has a fifty-two week low of $4.68 and a fifty-two week high of $7.62. The stock has a market cap of $133.90 million, a price-to-earnings ratio of 34.00 and a beta of 0.54. The firm’s 50-day simple moving average is $5.83 and its 200 day simple moving average is $5.57.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, sell-side analysts predict that eGain will post 0.05 EPS for the current year.

Institutional Investors Weigh In On eGain

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of eGain by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after purchasing an additional 1,613 shares during the period. Dimensional Fund Advisors LP grew its position in shares of eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after purchasing an additional 1,820 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after purchasing an additional 2,197 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in eGain by 20.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after acquiring an additional 2,442 shares in the last quarter. Finally, Bank of America Corp DE grew its position in eGain by 8.9% in the fourth quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock worth $192,000 after acquiring an additional 2,525 shares in the last quarter. 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.