eGain (NASDAQ:EGAN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

eGain (NASDAQ:EGAN) announced its quarterly earnings results on Thursday. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02, Zacks reports. eGain had a net margin of 41.68% and a return on equity of 12.56%.

eGain Stock Down 1.7%

Shares of NASDAQ EGAN traded down $0.12 during trading on Thursday, reaching $7.11. 275,025 shares of the company traded hands, compared to its average volume of 207,942. The firm has a 50 day simple moving average of $6.89 and a 200-day simple moving average of $7.60. eGain has a 52-week low of $5.94 and a 52-week high of $15.95. The stock has a market capitalization of $195.17 million, a PE ratio of 5.15 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EGAN. Invesco Ltd. purchased a new position in shares of eGain during the 4th quarter worth $120,000. XTX Topco Ltd purchased a new stake in shares of eGain in the 4th quarter worth $233,000. Verdad Advisers LP purchased a new stake in shares of eGain in the 4th quarter worth $339,000. Janus Henderson Group PLC bought a new position in eGain in the 4th quarter worth $985,000. Finally, Trexquant Investment LP bought a new position in eGain in the 4th quarter worth $559,000. Institutional investors own 53.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EGAN shares. Wall Street Zen cut eGain from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “hold (c)” rating on shares of eGain in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, eGain currently has an average rating of “Hold” and an average target price of $15.25.

eGain Company Profile

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.