Roth Mkm Reaffirms “Buy” Rating for eGain (NASDAQ:EGAN)

Roth Mkm reissued their buy rating on shares of eGain (NASDAQ:EGAN) in a research note published on Friday,Benzinga reports. Roth Mkm currently has a $10.00 target price on the technology company’s stock, down from their prior target price of $12.00.

Separately, StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

eGain Stock Performance

Shares of eGain stock opened at $5.13 on Friday. The firm has a market capitalization of $146.31 million, a P/E ratio of 27.00 and a beta of 0.41. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $6.18 and a 200 day moving average price of $5.86. eGain has a 52 week low of $4.71 and a 52 week high of $7.62.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. eGain had a net margin of 6.45% and a return on equity of 9.53%. Sell-side analysts expect that eGain will post 0.06 EPS for the current year.

Institutional Investors Weigh In On eGain

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after acquiring an additional 2,197 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of eGain by 20.6% during the 4th 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 during the period. Stoneridge Investment Partners LLC raised its holdings in shares of eGain by 23.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock worth $90,000 after acquiring an additional 2,771 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after acquiring an additional 1,613 shares during the period. Finally, Gladius Capital Management LP purchased a new position in shares of eGain during the 3rd quarter worth $84,000. Institutional investors and hedge funds own 53.94% of the company’s stock.

eGain Company Profile

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.