ValuEngine upgraded shares of eGain (NASDAQ:EGAN) from a sell rating to a hold rating in a report issued on Tuesday morning.

A number of other research firms have also weighed in on EGAN. Zacks Investment Research lowered eGain from a buy rating to a hold rating in a report on Thursday, January 18th. Roth Capital began coverage on eGain in a report on Wednesday, January 17th. They issued a buy rating and a $8.00 target price on the stock. Benchmark upgraded eGain from a hold rating to a buy rating and set a $8.00 target price on the stock in a report on Friday, February 9th. Finally, Dougherty & Co restated a buy rating on shares of eGain in a report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $6.00.

eGain (NASDAQ EGAN) opened at $6.70 on Tuesday. eGain has a fifty-two week low of $1.30 and a fifty-two week high of $6.82. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -0.91. The firm has a market capitalization of $171.57, a P/E ratio of -47.86 and a beta of 0.05.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $15.40 million during the quarter, compared to the consensus estimate of $14.74 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts forecast that eGain will post -0.13 EPS for the current fiscal year.

In related news, CFO Eric Smit sold 7,500 shares of eGain stock in a transaction on Friday, December 29th. The stock was sold at an average price of $5.22, for a total transaction of $39,150.00. Following the sale, the chief financial officer now directly owns 270,365 shares in the company, valued at $1,411,305.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 27,500 shares of company stock worth $140,925 over the last quarter. 39.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of EGAN. Oaktop Capital Management II L.P. lifted its holdings in eGain by 24.5% during the third quarter. Oaktop Capital Management II L.P. now owns 2,536,843 shares of the technology company’s stock worth $6,849,000 after acquiring an additional 500,000 shares during the period. Acadian Asset Management LLC lifted its holdings in eGain by 1,584.3% during the fourth quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock worth $187,000 after acquiring an additional 33,556 shares during the period. Alambic Investment Management L.P. bought a new stake in eGain during the fourth quarter worth $121,000. PenderFund Capital Management Ltd. bought a new stake in eGain during the fourth quarter worth $223,000. Finally, Royce & Associates LP bought a new stake in eGain during the fourth quarter worth $500,000. Institutional investors and hedge funds own 51.51% of the company’s stock.

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eGain Company Profile

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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