Needham & Company LLC reissued their buy rating on shares of eGain (NASDAQ:EGAN) in a research report report published on Thursday morning, AnalystRatings.com reports. Needham & Company LLC currently has a $11.00 target price on the technology company’s stock.
EGAN has been the subject of several other research reports. Zacks Investment Research raised shares of eGain from a sell rating to a hold rating in a report on Tuesday, November 5th. ValuEngine downgraded shares of eGain from a buy rating to a hold rating in a report on Thursday, September 12th. Craig Hallum set a $8.00 target price on shares of eGain and gave the stock a hold rating in a report on Wednesday, September 4th. Finally, Roth Capital set a $15.00 target price on shares of eGain and gave the stock a buy rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. eGain currently has a consensus rating of Buy and an average price target of $10.75.
Shares of EGAN stock traded down $0.40 during trading hours on Thursday, hitting $7.56. 76,800 shares of the company’s stock traded hands, compared to its average volume of 227,991. eGain has a 12-month low of $5.40 and a 12-month high of $12.74. The stock’s fifty day simple moving average is $7.70 and its two-hundred day simple moving average is $7.98. The stock has a market cap of $246.72 million, a price-to-earnings ratio of 47.25, a PEG ratio of 13.47 and a beta of 0.71.
eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Tuesday, September 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $16.82 million for the quarter, compared to the consensus estimate of $16.46 million. eGain had a net margin of 6.20% and a return on equity of 45.23%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. On average, equities research analysts forecast that eGain will post 0.02 earnings per share for the current year.
In related news, CFO Eric Smit sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.00, for a total value of $32,000.00. Following the completion of the transaction, the chief financial officer now owns 137,187 shares of the company’s stock, valued at approximately $1,097,496. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 11,000 shares of company stock valued at $86,780 in the last ninety days. 35.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in shares of eGain by 3.3% during the 2nd quarter. Northern Trust Corp now owns 213,958 shares of the technology company’s stock valued at $1,742,000 after purchasing an additional 6,910 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of eGain during the 2nd quarter valued at about $82,000. Hennessy Advisors Inc. bought a new position in shares of eGain during the 3rd quarter valued at about $82,000. Prudential Financial Inc. boosted its holdings in shares of eGain by 150.5% during the 2nd quarter. Prudential Financial Inc. now owns 28,014 shares of the technology company’s stock valued at $228,000 after purchasing an additional 16,830 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of eGain during the 2nd quarter valued at about $144,000. 79.36% of the stock is owned by institutional investors and hedge funds.
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, Omni channel 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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