ValuEngine upgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a strong-buy rating in a research note published on Monday morning, ValuEngine reports.

Other research analysts have also issued reports about the company. Oppenheimer assumed coverage on eGain in a report on Thursday, December 12th. They issued a buy rating and a $12.00 price objective on the stock. Craig Hallum raised eGain from a hold rating to a buy rating and lifted their target price for the stock from $8.00 to $12.00 in a report on Friday, February 7th. Rowe began coverage on shares of eGain in a research report on Thursday, December 12th. They issued an outperform rating and a $12.00 target price for the company. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of eGain from a hold rating to a buy rating and set a $8.25 price target on the stock in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $11.00 price target on shares of eGain in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $11.71.

Shares of NASDAQ:EGAN traded up $0.41 during trading on Monday, reaching $10.18. 18,434 shares of the stock were exchanged, compared to its average volume of 135,050. eGain has a 12 month low of $6.36 and a 12 month high of $12.74. The firm has a market cap of $306.30 million, a PE ratio of 63.63 and a beta of 0.65. The stock has a 50-day moving average price of $7.93 and a 200-day moving average price of $7.71. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.10.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, February 6th. The technology company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. The company had revenue of $18.20 million for the quarter, compared to analyst estimates of $17.55 million. eGain had a return on equity of 21.00% and a net margin of 6.87%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. On average, sell-side analysts expect that eGain will post -0.01 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. PenderFund Capital Management Ltd. grew its position in eGain by 81.2% during the third quarter. PenderFund Capital Management Ltd. now owns 794,085 shares of the technology company’s stock worth $5,948,000 after buying an additional 355,882 shares in the last quarter. Millennium Management LLC grew its holdings in shares of eGain by 1,543.1% during the 3rd quarter. Millennium Management LLC now owns 299,462 shares of the technology company’s stock worth $2,397,000 after purchasing an additional 281,237 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of eGain in the second quarter worth $2,181,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of eGain in the fourth quarter worth $1,732,000. Finally, BlackRock Inc. increased its position in shares of eGain by 12.3% in the second quarter. BlackRock Inc. now owns 1,295,245 shares of the technology company’s stock worth $10,542,000 after purchasing an additional 141,491 shares during the period. Institutional investors and hedge funds own 74.15% of the company’s stock.

About eGain

eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

See Also: Compound Annual Growth Rate (CAGR)

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Analyst Recommendations for eGain (NASDAQ:EGAN)

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