eGain (NASDAQ:EGAN) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of eGain (NASDAQ:EGAN) from a strong sell rating to a sell rating in a report issued on Tuesday morning, BidAskClub reports.

Several other brokerages also recently weighed in on EGAN. Craig Hallum raised shares of eGain from a hold rating to a buy rating and boosted their target price for the company from $8.00 to $12.00 in a research note on Friday, February 7th. Oppenheimer started coverage on shares of eGain in a research note on Thursday, December 12th. They issued a buy rating and a $12.00 target price for the company. Needham & Company LLC reissued a buy rating and issued a $11.00 target price on shares of eGain in a research note on Friday, February 7th. Zacks Investment Research raised shares of eGain from a hold rating to a buy rating and set a $8.25 target price for the company in a research note on Friday, February 7th. Finally, ValuEngine raised shares of eGain from a buy rating to a strong-buy rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. eGain has a consensus rating of Buy and a consensus target price of $12.17.

NASDAQ:EGAN opened at $10.18 on Tuesday. The company has a market capitalization of $311.89 million, a PE ratio of 63.63 and a beta of 0.65. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.10. eGain has a 52-week low of $6.36 and a 52-week high of $12.74. The stock has a fifty day simple moving average of $7.97 and a 200-day simple moving average of $7.72.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. The business had revenue of $18.20 million during the quarter, compared to the consensus estimate of $17.55 million. eGain had a return on equity of 21.00% and a net margin of 6.87%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. As a group, equities analysts anticipate that eGain will post -0.01 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC grew its holdings in eGain by 11.8% in the 3rd quarter. Squarepoint Ops LLC now owns 69,897 shares of the technology company’s stock valued at $560,000 after buying an additional 7,397 shares during the period. State Street Corp grew its holdings in eGain by 5.4% in the 3rd quarter. State Street Corp now owns 400,592 shares of the technology company’s stock valued at $3,207,000 after buying an additional 20,659 shares during the period. Millennium Management LLC grew its holdings in eGain by 1,543.1% in the 3rd quarter. Millennium Management LLC now owns 299,462 shares of the technology company’s stock valued at $2,397,000 after buying an additional 281,237 shares during the period. Vanguard Group Inc. grew its holdings in eGain by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,710,225 shares of the technology company’s stock valued at $13,921,000 after buying an additional 107,097 shares during the period. Finally, Quantum Capital Management grew its holdings in eGain by 48.3% in the 3rd quarter. Quantum Capital Management now owns 147,697 shares of the technology company’s stock valued at $1,182,000 after buying an additional 48,118 shares during the period. 74.15% of the stock is owned by hedge funds and other institutional investors.

About eGain

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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