eGain Corp (NASDAQ:EGAN) has been given an average rating of “Buy” by the eight brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.40.
Several analysts have commented on EGAN shares. ValuEngine downgraded eGain from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of eGain in a report on Monday, April 13th. Zacks Investment Research cut eGain from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. BidaskClub upgraded shares of eGain from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Oppenheimer upped their price target on eGain from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th.
In other eGain news, CFO Eric Smit sold 5,000 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $10.18, for a total transaction of $50,900.00. Following the completion of the transaction, the chief financial officer now owns 132,187 shares in the company, valued at $1,345,663.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gunjan Sinha sold 20,000 shares of eGain stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $11.51, for a total transaction of $230,200.00. Following the completion of the transaction, the director now directly owns 916,795 shares of the company’s stock, valued at $10,552,310.45. The disclosure for this sale can be found here. Corporate insiders own 35.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Citigroup Inc. boosted its position in eGain by 59.6% during the fourth quarter. Citigroup Inc. now owns 4,084 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,525 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of eGain by 123.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,311 shares of the technology company’s stock valued at $46,000 after buying an additional 3,481 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of eGain in the 1st quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in shares of eGain in the 2nd quarter worth approximately $131,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of eGain in the 2nd quarter worth approximately $159,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.
eGain stock opened at $9.91 on Monday. The company has a market capitalization of $305.76 million, a price-to-earnings ratio of 58.29 and a beta of 0.83. The stock’s 50 day moving average is $10.15 and its 200-day moving average is $8.80. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. eGain has a 12 month low of $4.80 and a 12 month high of $12.12.
eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. eGain had a net margin of 7.41% and a return on equity of 19.86%. The business had revenue of $18.35 million during the quarter, compared to analysts’ expectations of $17.41 million. As a group, equities research analysts predict that eGain will post 0.16 earnings per share for the current fiscal year.
eGain Company Profile
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: Sell-Side Analysts
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