eGain (NASDAQ:EGAN) Upgraded at ValuEngine
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.
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.
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)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for eGain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eGain and related companies with MarketBeat.com's FREE daily email newsletter.