Zacks Investment Research cut shares of eGain Corp. (NASDAQ:EGAN) from a strong-buy rating to a hold rating in a research note released on Wednesday.

According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “

EGAN has been the topic of a number of other research reports. Ladenburg Thalmann upgraded eGain Corp. from a neutral rating to a buy rating in a research note on Friday, September 9th. Benchmark Co. cut their target price on eGain Corp. from $4.00 to $3.50 and set a hold rating on the stock in a research note on Friday, September 9th.

Shares of eGain Corp. (NASDAQ:EGAN) traded up 1.71% on Wednesday, reaching $2.97. 4,928 shares of the company were exchanged. The company has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.13. eGain Corp. has a 1-year low of $2.12 and a 1-year high of $5.00. The stock’s market capitalization is $80.51 million.

eGain Corp. (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The company had revenue of $17.60 million for the quarter, compared to the consensus estimate of $17.48 million. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) earnings per share. On average, analysts forecast that eGain Corp. will post ($0.20) EPS for the current fiscal year.

An institutional investor recently bought a new position in eGain Corp. stock. Bank of Montreal Can acquired a new position in shares of eGain Corp. (NASDAQ:EGAN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,405,591 shares of the company’s stock, valued at approximately $23,704,000. Bank of Montreal Can owned approximately 31.03% of eGain Corp. as of its most recent SEC filing. Institutional investors own 55.37% of the company’s stock.

About eGain Corp.

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company optimizes service processes across the Web, social and phone channels.

5 Day Chart for NASDAQ:EGAN

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