eGain (NASDAQ:EGAN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

eGain Corporation (NASDAQ:EGAN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.81 and traded as high as $10.62. eGain shares last traded at $10.08, with a volume of 354,208 shares.

Analyst Upgrades and Downgrades

EGAN has been the subject of a number of recent research reports. Zacks Research downgraded shares of eGain from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of eGain in a report on Tuesday, October 14th. Wall Street Zen raised eGain from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Roth Capital restated a “buy” rating and issued a $20.00 price target (up from $10.00) on shares of eGain in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

eGain Trading Down 2.8%

The firm’s fifty day moving average price is $12.34 and its 200-day moving average price is $8.85. The company has a market cap of $267.25 million, a price-to-earnings ratio of 8.03 and a beta of 0.81.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. eGain had a return on equity of 10.05% and a net margin of 38.19%.The business had revenue of $23.51 million for the quarter, compared to the consensus estimate of $23.22 million. eGain has set its Q2 2026 guidance at 0.070-0.080 EPS and its FY 2026 guidance at 0.290-0.340 EPS. As a group, research analysts anticipate that eGain Corporation will post 0.05 EPS for the current year.

eGain declared that its board has authorized a stock buyback plan on Thursday, September 4th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Eric Smit sold 15,000 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. Following the completion of the sale, the chief financial officer directly owned 129,187 shares of the company’s stock, valued at approximately $1,291,870. This represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 38.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC bought a new stake in shares of eGain during the first quarter worth $296,000. Strs Ohio acquired a new position in eGain in the 1st quarter worth $250,000. Hillsdale Investment Management Inc. bought a new position in eGain during the 3rd quarter worth about $340,000. Millennium Management LLC bought a new stake in shares of eGain in the third quarter valued at about $328,000. Finally, Navellier & Associates Inc. acquired a new position in shares of eGain during the third quarter worth about $277,000. Institutional investors and hedge funds own 53.94% of the company’s stock.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.