eGain (NASDAQ:EGAN – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.12-$0.15 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $101.00 million-$103.00 million, compared to the consensus revenue estimate of $107.19 million. eGain also updated its Q1 2023 guidance to $0.01-$0.01 EPS.
Wall Street Analysts Forecast Growth
Several analysts recently commented on EGAN shares. Craig Hallum dropped their price target on eGain from $18.00 to $14.00 and set a buy rating for the company in a research report on Friday, September 9th. StockNews.com upgraded eGain from a buy rating to a strong-buy rating in a research report on Monday, September 12th.
Get eGain alerts:eGain Price Performance
EGAN opened at $7.59 on Friday. The stock's 50-day moving average price is $9.18 and its 200 day moving average price is $9.98. eGain has a 12-month low of $7.36 and a 12-month high of $13.70.
Institutional Investors Weigh In On eGain
A number of hedge funds have recently bought and sold shares of EGAN. Renaissance Technologies LLC increased its holdings in shares of eGain by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 797,419 shares of the technology company's stock valued at $7,775,000 after acquiring an additional 6,926 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of eGain by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 654,739 shares of the technology company's stock valued at $7,582,000 after acquiring an additional 2,643 shares during the last quarter. State Street Corp grew its stake in eGain by 2.9% during the 2nd quarter. State Street Corp now owns 397,671 shares of the technology company's stock worth $3,877,000 after buying an additional 11,099 shares during the last quarter. Meros Investment Management LP grew its stake in eGain by 7.6% during the 1st quarter. Meros Investment Management LP now owns 353,040 shares of the technology company's stock worth $4,088,000 after buying an additional 24,820 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in eGain by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 177,690 shares of the technology company's stock worth $2,058,000 after buying an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 55.42% of the company's stock.About eGain
(Get Rating)
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 unified cloud software solutions to automate, augment, and orchestrate customer engagement. It also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting, implementation, and training services.
Featured Stories
- Get a free copy of the StockNews.com research report on eGain (EGAN)
- 3 Banks Worth Considering For Q4
- Stock Market: 3 Islands Of Strength In A Sea Of Red
- Is There a Cure for What is Ailing Teladoc Stock?
- MarketBeat: Week in Review 9/12 – 9/16
- No One Told These 3 Stocks It's a Down Week
Receive News & Ratings for eGain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eGain and related companies with MarketBeat.com's FREE daily email newsletter.