Shares of eGain Corp (NASDAQ:EGAN) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $6.67.

A number of equities analysts have weighed in on EGAN shares. Dougherty & Co reissued a “buy” rating on shares of eGain in a research report on Monday, December 18th. Zacks Investment Research raised eGain from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Wednesday, November 22nd. ValuEngine lowered eGain from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Roth Capital started coverage on eGain in a research report on Wednesday, January 17th. They issued a “buy” rating and a $8.00 target price for the company. Finally, Benchmark raised eGain from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Friday, February 9th.

Shares of eGain (NASDAQ EGAN) traded up $0.80 during trading on Friday, reaching $6.70. 415,400 shares of the company were exchanged, compared to its average volume of 183,979. eGain has a 52 week low of $1.30 and a 52 week high of $7.20. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of -0.91. The company has a market cap of $160.82, a PE ratio of -49.28 and a beta of 0.05.

eGain (NASDAQ:EGAN) last issued its earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $15.40 million during the quarter, compared to analysts’ expectations of $14.74 million. During the same period last year, the firm posted ($0.04) EPS. eGain’s quarterly revenue was up 2.7% compared to the same quarter last year. research analysts anticipate that eGain will post -0.14 earnings per share for the current fiscal year.

In other eGain news, CFO Eric Smit sold 7,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $5.00, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now owns 276,303 shares of the company’s stock, valued at approximately $1,381,515. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 27,500 shares of company stock valued at $140,925. 39.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGAN. Oaktop Capital Management II L.P. increased its position in shares of eGain by 24.5% during the 3rd quarter. Oaktop Capital Management II L.P. now owns 2,536,843 shares of the technology company’s stock valued at $6,849,000 after purchasing an additional 500,000 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of eGain by 1,584.3% during the 4th quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock valued at $187,000 after purchasing an additional 33,556 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of eGain during the 4th quarter valued at about $121,000. PenderFund Capital Management Ltd. purchased a new stake in shares of eGain during the 4th quarter valued at about $223,000. Finally, Royce & Associates LP purchased a new stake in shares of eGain during the 4th quarter valued at about $500,000. 51.51% of the stock is owned by hedge funds and other institutional investors.

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About eGain

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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