TheStreet lowered shares of eGain (NASDAQ:EGAN – Get Rating) from a c rating to a d+ rating in a research report report published on Wednesday morning, TheStreetRatingsTable reports.
Several other equities research analysts have also weighed in on EGAN. StockNews.com upgraded eGain from a buy rating to a strong-buy rating in a report on Thursday. Craig Hallum cut their price target on eGain from $18.00 to $14.00 and set a buy rating for the company in a report on Friday, September 9th.
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EGAN opened at $7.31 on Wednesday. The business has a 50 day moving average price of $8.95 and a 200 day moving average price of $9.84. eGain has a twelve month low of $7.28 and a twelve month high of $13.70. The firm has a market cap of $233.44 million, a P/E ratio of -91.38 and a beta of 0.31.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Strs Ohio raised its stake in shares of eGain by 23.9% in the first quarter. Strs Ohio now owns 58,500 shares of the technology company's stock valued at $677,000 after purchasing an additional 11,300 shares in the last quarter. Bullseye Asset Management LLC raised its stake in shares of eGain by 566.7% in the first quarter. Bullseye Asset Management LLC now owns 426,622 shares of the technology company's stock valued at $4,940,000 after purchasing an additional 362,628 shares in the last quarter. Meros Investment Management LP acquired a new position in shares of eGain in the fourth quarter valued at $3,276,000. Forager Funds Management Pty Ltd raised its stake in shares of eGain by 5.5% in the first quarter. Forager Funds Management Pty Ltd now owns 374,257 shares of the technology company's stock valued at $4,334,000 after purchasing an additional 19,371 shares in the last quarter. Finally, Westerly Capital Management LLC grew its position in eGain by 0.7% in the first quarter. Westerly Capital Management LLC now owns 302,000 shares of the technology company's stock valued at $3,497,000 after acquiring an additional 2,000 shares during the period. 55.42% of the stock is currently owned by institutional investors and hedge funds.eGain Company Profile
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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 Knowledge Hub solutions to automate, augment, and orchestrate customer engagement. The company also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting and implementation, training, and managed services.
Further Reading
- Get a free copy of the StockNews.com research report on eGain (EGAN)
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