eGain Corporation (EGAN) Trading Up 7.7%
eGain Corporation (NASDAQ:EGAN) shares traded up 7.7% during mid-day trading on Friday . The company traded as high as $3.68 and last traded at $3.50. 709,715 shares were traded during mid-day trading, an increase of 507% from the average session volume of 116,971 shares. The stock had previously closed at $3.25.
A number of research analysts have issued reports on the stock. Craig Hallum raised shares of eGain Corporation from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Monday, October 2nd. Zacks Investment Research raised shares of eGain Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Tuesday, September 26th.
The firm’s market capitalization is $94.90 million. The firm has a 50-day moving average price of $2.29 and a 200 day moving average price of $1.79.
A hedge fund recently raised its stake in eGain Corporation stock. Renaissance Technologies LLC increased its holdings in eGain Corporation (NASDAQ:EGAN) by 32.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,100 shares of the technology company’s stock after purchasing an additional 31,700 shares during the quarter. Renaissance Technologies LLC owned 0.48% of eGain Corporation worth $187,000 at the end of the most recent quarter. Institutional investors own 47.78% of the company’s stock.
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About eGain Corporation
eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
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